I can definitely speak for all German speaking countries (Germany, Austria, but also Switzerland). Absolutely the UK as well. But really, Austerity was a trend that was followed by pretty much all EU countries since 2008 and the trend has not been reversed. And the Chinese have been buying european key industrial companies left and right going back as far as 2010.

Instituations haven't been renewed, education hasn't been brought up to reflect the latest reality of life and digitalization of state workflows? Hah, no.

But if a fraudulent bank requires saving? Sure, 500 billions or more can be paid upfront. Multiple times if necessary.

A German here, I think we have done that too with great success.