Yeah. Except, it's the EU countries that went the austerity route that are now in the best shape, financially. And their people see that, and vote to reinforce the politicians that made that wise choice. Government largess can't make the economy grow when the government is too corrupt, and the people too indifferent (or too used to getting away with) to pay the taxes that will let the government throw around huge sums of money. "Stimulus" spending with borrowed money is right up there with sacrificing chickens or doing a magical dance when it comes to fixing what's actually wrong with places like Greece. The problem is cultural, and has been that way for decades. The Nanny State mentality is bad enough, but trying to keep it going when at the same time the entire nation plays games with tax collection so they can all lie to themselves about it is a recipe for ... contemporary Greece.