What is the main difference between Europe and America?

What is the main difference between Europe and America?

The location of the financial assets.

Banks dominate finance in Europe, especially in the struggling south.

Some 85% of financial assets  in Italy, 87% in Spain and 96% in Greece are held by banks and other credit institutions, compared with less than 30% in the U.S. So when the banks don't lend, European economies can't grow.

Even if U.S. banks are struggling, U.S. companies can raise funds from the markets.