[jcfrei]

Not sure why you are getting downvoted - I'm wondering the same thing. Catching up is inherently more expensive than just maintaining a lead. And on top of that the EU pensioners will oppose any reallocation of resources outside of their retirement / pension schemes. The EU does have more fiscal headroom than the US, ie. lower debt per GDP and lower debt per capita - so through borrowing they could mobilize some more funds. But that's about it and I'm doubtful that's going to be enough.

[sajithdilshan]

I guess a lot of Europeans don't want to see the real logical questioning and downvoting out of pure frustration.

Also EU doesn't have fiscal freedom. Germany is the only country barely keeping it together and without any hard reform France is a ticking time bomb when it come to its debt-to-GDP.

[nona]

France debt-to-GDP: 115-117% US debt-to-GDP: 124%

[sajithdilshan]

US has a huge advantage compared to France. US has the control of its currency and can devalue it. France cannot do it since Euro is not controlled by France.