I'm European (French) and I consider current European strategy "against" Russia a mistake even though I can understand it. Russian strategy of power is considered too agressive. Remembering some bad times in the past. I can understand Russian fear provoking it, but it's a mistake. Europe is not as imperialist as USA. Moreover, not understanding the power of democratic resilience on long term is creating fear in European hearts. What would occur after the death of Putin ? Again instability, war, dictatorship ? If corruption is problematic in activating this switch, it has to be adressed now. Putin is not eternal.
Same thing occurred during Japanese crisis, well I mean Japanese depression (when it's so long, it's not a crisis anymore :).
Japan did the same fearing the systemic risk, injecting a so huge amount of liquidity and creating an unsustainable public deficit. All the financial and banking system stood unchanged (no need to change when they give you free money for your failures).
So my question is : is a system based on growth possible for already grown countries, without huge amount of debt of course ?