You're wrong about the "Keynesian nonsense". Europe is only now just realizing that cutting spending has only made things worse over there. As it did in the US between 1929 and 1932 (IIRC). It sounds like they are looking to try stimulus spending instead to staunch the bleeding. As we did in 2008, albeit not very well.

How about we deal with facts? The United States, Europe, and Japan are all engaging in massive deficit spending, which is supposed to be stimulative according to Keynesian mythology.

Furthermore, spending was increased *massively* from 1929 to 1932, and we ran deficits, which should have been stimulative.