Posted on 04/08/2013 4:08:03 AM PDT by John W
BRUSSELS (AP) European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked off a series of meetings with the region's top leaders.
America's biggest trading partner and the world's largest economic bloc has entered the fourth year of its debt crisis, which has plunged many of the 27 EU governments into recession. The U.S. administration hopes Europe will relent in its focus on debt reduction, which has been hurting growth through spending cuts and tax increases.
Lew, who became treasury secretary in February, started his first official trip to Europe with a meeting with EU Commission President Jose Manuel Barroso in Brussels. He was also meeting the EU's top economic and monetary official, Commissioner Olli Rehn and EU Council President Herman Van Rompuy.
(Excerpt) Read more at news.yahoo.com ...
First he has a meeting with a Marxist, then he meets with another commie and some fool with "the charisma of a damp rag and the appearance of a low grade bank clerk" (per Nigel Farage). I see a pattern there.
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