I hope you are not advocating a kind of economic/financial/political Darwinism when it comes to finding solutions - because that is what the fee marketeers used to advocate at a corporate level, and that didn't turn put very well. Vote McCain for war without gain
Europe has more resources to spread "hardships" more evenly across various sectors. They need less excuses to communalise some benefits of "necessary" bailouts. The uncertainty of centralized bailouts forces individual subjects to look for solutions themselves, reducing pressure on government and moral hazard. Europe still does not have its own mortgage crisis - or it would be milder, solvable even with assistance to homeowners.
