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Latest | Highest ratedUnited States vs. European Union: Who Games the Crisis Better? [View article]
As far as I know, the ECB is not allowed to run up massive debts, or engage in QE, it simply does not have the political authority to do so. If this is the case, than the EU is not behaving in a fiscally conservative manner because they feel it is the best choice available in the long run, but intstead because it is the only option currently available to the European Union.