America’s advantages over Europe include the world’s reserve currency and a growing economy. Europe’s disadvantage can be summed up in one word: France https://www.economist.com/europe/2026/09/03/america-has-a-whopping-debt-but-europe-has-the-whopping-debt-problem?taid=6acc19a3ffde4f000182fcbc&utm_campaign=editorial-social&utm_content=discovery.content&utm_medium=social-media.content.np&utm_source=twitter