Comment by jcfrei

Not sure why you are getting downvoted - I'm wondering the same thing. Catching up is inherently more expensive than just maintaining a lead. And on top of that the EU pensioners will oppose any reallocation of resources outside of their retirement / pension schemes. The EU does have more fiscal headroom than the US, ie. lower debt per GDP and lower debt per capita - so through borrowing they could mobilize some more funds. But that's about it and I'm doubtful that's going to be enough.