Posted on 03/25/2009 6:32:11 AM PDT by Sub-Driver
E.U. President Calls U.S. Stimulus ‘Way to Hell’ By STEPHEN CASTLE and DAN BILEFSKY
BRUSSELS — Transatlantic tension over the handling of the global economic crisis intensified on Wednesday when the prime minister of the Czech Republic, which holds the European Union presidency, described the U. S. stimulus measures as the “way to hell.”
Addressing the European Parliament in Strasbourg, France, Prime Minister Mirek Topolanek argued that the Obama administration’s fiscal package and financial bailout “will undermine the stability of the global financial market.”
Mr. Topolanek’s comments, only a day after he offered his government’s resignation following a no confidence vote, took European officials by surprise.
The rotating E.U. presidency lasts for six months and the country that holds it is supposed to speak on behalf of the entire 27-nation bloc.
(Excerpt) Read more at nytimes.com ...
The road to Hell, is paved with DemoSocialist intentions.
Don’t forget boys & girls - Obama will repair our image across the globe, after eight years of that bumbler we used to have.
For once, I completely agree with an EU statement against America.
Truth coming from an univested liberal, unlike the invested liberals who actually put Obama in office.
Unlike the bolsheviks setting zeroBama’s polices, the EU has figured out that:
“The problem with socialism is that eventually you run out of other people’s money.”
(Thatcher)
bttt
It’s THAT obvious? Why don’t the sheeple comprehend?
Why do lemmings rush to their deaths when they have to have seen the other lemmings falling down the cliff?
God Help Us All.
The economic crisis sweeping Central and Eastern Europe has claimed a third victim in a month after the Czech government lost a vote of no confidence on Tuesday night in a drama that risks setting off a fresh round of investor flight from the region.
By Ambrose Evans-Pritchard
Last Updated: 8:34AM GMT 25 Mar 2009
Latvia's government fell last month following violent street protests. Hungary's premier Ferenc Gyurcsany resigned last week after struggling to impose austerity measures required under the terms of a $25bn (£17bn) bail-out from the International Monetary Fund.
But the Czech crisis has unnerved investors even more because the country has been seen as a rock of stability. It kept a tight rein on credit and avoided the stampede into euro and Swiss franc mortgages that occurred in other parts of Eastern Europe.
The fate of premier Mirek Topolanek – toppled in the middle of the Czech Republic's EU presidency – shows how fast the crisis is moving from finance into the core economy. Czech industrial output fell 23pc in January as car plants moth-balled production lines.
[snip]
When Europe rejects your socialism, you have truly been PWN3D!!!
So we have the EU saying our stimulus is the ‘road to hell’, we have China, Russia, Venezuela, Iran and OPEC all pushing for a global currency.
Nooo, we aren’t screwed.
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