The European Union and the Debt CrisisIG Index http://www.financial-spread-betting.com/igindex/Igindex-review.html What do you think the European Union must do to come out of the debt crisis and to avoid market crises like this in the future? David Jones, Market Strategist at IG Index responds. I think the problem at the moment is that no one really knows. In the USA they have tried to spend their way out of trouble, in Europe they had the austerity cuts - neither has worked perfectly. The problem is that the crisis has always been a few steps ahead of politicians.