But there isn’t a good reason to think that since countries such as Italy, UK, France, and others are in much worse financial positions.

A lot of this stuff is just business as usual, and then tabloids like to turn it into some doom and gloom nonsense.

From [1], in 2025 government net debt / GDP for the countries mentioned was:

Germany 47.2 USA 96.7 France 108.8 Italy 127.7

[1] https://en.wikipedia.org/wiki/List_of_countries_by_governmen...