[alephnerd]

The EU and the US had a comparable GDP and population size around 2007. The gap between European and American performance only arose in the 2008-13 period when the GFC and Eurozone Crisis occured.

As such, it is important to dig into how the US and the EU approached these crises, as both took entirely different approaches.

The crux of the EU's laggard performance arose during that period.