Germany Rejects Obama’s Calls To Fight Euro Debt Crisis: “Mr. Obama Should Take Care Of Reducing America’s Deficit, Which Is Higher Than The Eurozone’s”…
BERLIN (AP)
— Germany’s finance minister is rejecting U.S. President Barack Obama’s
calls on Europe to move faster in fighting its debt crisis, telling him
to get the American deficit under control instead.Wolfgang Schaeuble told public broadcaster ZDF in an interview late
Sunday that “people are always very quick at giving others advice.”He says: “Mr. Obama should first of all take care of reducing the American deficit, which is higher than in the eurozone.”
Obama and other leaders fear an escalating crisis in Europe could drag down the world economy.
The 17-nation eurozone is struggling to overhaul its institutions and
streamline its decision making to restore investors’ confidence. The bloc’s debt relative to its economic output stands at about 80 percent, while it is about 100 percent in the U.S.
Read More: http://weaselzippers.us/2012/06/25/germany-rejects...
Top Opinion
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DJL 2012/06/26 20:52:34
and not in a good way.
Leadership we can believe in.
The Fed is buying 61% of our own debt. Barack Obama's 10 year budget will leave Americans with “more debt than has been accumulated by all previous Presidents in American history combined.” Nobody on the Right seems to believe we'll ever pay off all of the money we owe.
Life as we know it is very close to ending and yet Americans seem to be infected with a tragic stoicism. Like turkeys being led to the slaughter, most Americans seem content to put their necks down on the butcher's block and wait for the ax to fall. There are reasons for this puzzling inactivity in the face of an avertable catastrophe.