See how easy that is? “Europe” can be made into a backdrop for any frightful scenario. In Romney’s version, the continent has weakened itself through social spending. As Clinton -- acting as Obama’s proxy -- tells it, Europe is a victim of drastic spending cuts.
...Still, he says that taken as a whole, the euro zone looks a lot like the U.S., with comparable rates of public debt to GDP. (Ummm, but definitely not comparable equitable distribution of public monies, e.g., most egregious, un/equal access to healthcare.)