I am not sure if there is a saying like that in Europe but this one, is not the doing of the U.S.
The European banking system was forced to do bail ins during the last crisis since nobody wanted to assume anyone's debt. This means that the banks are severely under capitalized. They simply are not in a position to weather a breakdown of the economy.
The EU is coming apart at the seams and their quest to be a major player on a global scale is failing. They might be 4th in order of importance behind the US, China, and maybe even Japan.
Posted Using LeoFinance