Only comment I have is the in the US the Federal government imposes enormous and continual cash transfers from wealthy states to poorer state. I've come around

Only comment I have is the in the US the Federal government imposes enormous and continual cash transfers from wealthy states to poorer state. I've come around to the idea that without those the system would fall apart. And that the EU does not appear to have anything at that scale. Also in the US banking is 100% backstopped by the Fed.