What is the version of the following sentence with correct punctuation?

The status today is that Europe is about to be lost because of European leaders who lack the ability to identify the character of the threat or at least are looking the other way who are fickle reluctant to say things clearly and dislike taking the unpleasant steps now that will prevent something even worse later on
The status today is that Europe is about to be lost because of European leaders who lack the ability to identify the character of the threat, or at least are looking the other way, who are fickle, reluctant to say things clearly, and dislike taking the unpleasant steps now that will prevent something even worse later on.