There is no magic bullet that can magically transform the EU economy. The French made a mistake electing a socialist in France that decided to expand government programs and increase taxes. But no one ever confused the French for being capitalists. The multiplier effect of government spending is 0. You cannot tax and spend your way to economic prosperity.
No one tell the Democrats. Of course, it doesn’t matter. They won’t listen. It’s not in their political interest to do so (or at least that’s what they think).
[Update a while later]
Rescuing the euro is like saving the tumor, not the patient.