Wow, my US bullshit detector goes haywire!
Europe doesn't struggle since they're part of the same Currency... Europe struggles (Ireland, Portugal, Spain and Greece) because some greedy bastards in Wall Street traded in the typical American dreamstock: "Get Credit even if you haven't got a dime!".
The majority of the other European countries are doing just fine (positive growth, ...) and applying pressure on member states to adept Sensible Management. (Read: letting go of socially-inspired but flawed policies, like salary-indexing and early pensioning)
Apparently you don't follow the financial markets, but we Europeans still own our countries and their respective assets...
If the US goes bankrupt (which it should b.t.w., it's enormous dept makes Greece look like a teenager short of few bucks to buy a new console game), I will personally fly over and get me a piece of your American Dream.
Also, let's not forget that Greece LIED (in capitals!, no sugarcoating here) about their fiscal health. And now they will pay the price.