In Europe, their Central Bank will do the same thing as the US Federal Reserve Bank:   PRINT MONEY to Pay for their Deficits.
 
BUT.....
 
In Europe.....the individual countries MUST use an Austerity Budget (BIG Cutbacks) in order to be "bailed out."
 
However, in the USA.......there are NO Individual countries....just the US Federal Government.  So, here, the Federal Reserve Bank is bailing out the Federal Government WITHOUT any calls for Austerity---or, NO BIG Cutbacks in spedning.
 
AMAZING......  that is why there are RIOTS in Europe......and not here....at least not yet.
 
Just my thoughts.....
 
What a MESS!!
 
YFIC,
Randy