[disgruntledphd2]

> the EU simply doesn’t have the same amount of capital that the US does.

This isn't true, it's just that all of the EU excess capital gets invested in the US, so it appears true.

[lossolo]

Of course, it is true. The EU also does not have a reserve currency and cannot print 2 trillion a year. Where do you think the majority of these 2 trillion goes?