Sucks for Europe then. They’re probably already in the fiscal death spiral. 

They are already in America, you'd have to be moronic to have money and keep it in Europe, the only people left will be holding the bag

galt

Where are all the rich political donors in Europe?

In America, they would have bought enough politicians to stop the free fall, by now.

Undisciplined

econ

Manufacturing in the Eurozone continues its downward spiral, with powerhouse economies Germany and France leading the decline. The latest PMI data shows manufacturing activity at 45.1, falling short of the projected 45.2 and signaling further contraction in the sector.

The European Central Bank may soon intervene with monetary stimulus and potential rate cuts to combat the persistent industrial weakness. This development could put additional pressure on the euro's strength.