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And Germany, which is the up side of the pulling-apart euro, has a bigger welfare state than the GIPS.
Perhaps none of this is causal: richer countries with bigger welfare states may just plump for voting systems that produce coalition governments.
But the nations now in crisis don't have bigger welfare states than the nations doing well — if anything, the correlation runs the other way.
American giving, at around 2% of GDP, is certainly generous compared with other countries (though European ones tend to have higher taxes and more bigger welfare states).
The obvious answer is to look cross-country: European nations have much bigger welfare states than we do; do they have lower savings?
British aid, with each passing year, will inevitably get less and less relevant, especially as India rolls out bigger welfare schemes of its own.
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This suggests that it is possible to combine crackling enterprise with a big welfare state.
Of course they are also fans of the largesse of a big welfare state.
And no, it's not just a too-big welfare state — France's welfare state is even bigger.
Other European nations with big welfare states, like Sweden and the Netherlands, do even better.
Big welfare states aren't the cause of Europe's current crisis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com