In fact, European nations need to do some serious fiscal housecleaning.
( ( In fact ) ( , ( ( European nations ) ( ( need ( to ( do ( some ( serious ( fiscal housecleaning ) ) ) ) ) ) . ) ) ) )
(ROOT (S (PP (IN In) (NP (NN fact))) (, ,) (NP (JJ European) (NNS nations)) (VP (VBP need) (S (VP (TO to) (VP (VB do) (NP (DT some) (JJ serious) (JJ fiscal) (NN housecleaning)))))) (. .)))
There needs to be some serious fiscal housecleaning by European nations.
( There ( ( needs ( to ( ( be ( some ( serious ( fiscal housecleaning ) ) ) ) ( by ( European nations ) ) ) ) ) . ) )
(ROOT (S (NP (EX There)) (VP (VBZ needs) (S (VP (TO to) (VP (VB be) (NP (DT some) (JJ serious) (JJ fiscal) (NN housecleaning)) (PP (IN by) (NP (JJ European) (NNS nations))))))) (. .)))