Fair enough. I actually do think there are countries that are in a better relative position than both the U.S. and Eurozone, but none that I can think of in Asia. Specifically, most of the Northern European countries (Finland, Sweden, Norway), Canada, Australia, and, surprisingly, Brazil.
Yeah, the Nordic countries seem to be in better shape, likely thanks to their heavy taxation.
The PIIGS countries have recently adopted "austerity measures", but for example here in Finland, our taxes and price-levels are so ridiculously high it's like we're in some kind of permanent austerity mode.
Our VAT was recently raised 1 percent, to 23%. It would be quite an accomplishment in the field of pissing away taxpayer money if Finland was broke. Oh wait.. even Finland can't get by without more debt practically every year. Go figure.
As for the overall shape various countries are in, at least Germany, The Netherlands and Denmark seem to be doing alright.
In Asia, I bet at least Singapore, Hong Kong, and probably South-Korea are in decent/good shape. Australia has a nasty property bubble going on, probably about to deflate. Same thing in China, but they've gone completely overboard what with all those ghost cities etc.
