Hi Lee,
Maybe they are thinking a little more long term (maybe a year or two). It seems everyone is in debt, but China and the Saudi's (as Donald Trump would say). In Euro Zone it appears Germany is the 800 pound gorilla with the money and are getting tired of bailouts. Was it not most of Europe fighting the German's, in WWI and WWII. Guess we are far away, but the middle east and Europe on the other side of the Med with debt problems make some have apprehensions about the stability in that area. Myself included.