Posted on 11/05/2010 8:56:05 AM PDT by fightinJAG
. . . Germany has pushed for a replacement of the programme, which expires in 2013, and increased economic coordination in the EU — a goal advanced last month when plans it put forward with France to make limited changes to the bloc's treaty and tighten budgetary rules gained approval.
France and Germany should maintain their leadership role in Europe, Schaeuble said, especially in order to harmonise its economic policy and bolster stability given current economic uncertainties.
These are being worsened by reckless policy in part from the the United States, Schaeuble said, sharpening his criticism of the Federal Reserve's program to buy an additional $600 billion worth of U.S. government bonds.
Pumping more money into the economy will not solve the country's problems, he said, adding that the world needed U.S. leadership that was currently lacking.
"With all due respect, U.S. policy is clueless," Schaeuble said. "(The problem) is not a shortage of liquidity. It's not that the Americans haven't pumped enough liquidity into the market."
Late on Thursday, Schaeuble said Germany would take up this point critically with the United States both bilaterally and at next week's G20 summit of industrialised and emerging nations.
(Excerpt) Read more at cnbc.com ...
How Silly!!
Zero knows EXACTLY what he is doing...
Stupid Germans...
LOL!
Maybe they are seeing why OBAMA is HATED here.
He’s screwing things up all over the world as he take the U.S. DOWN.
What? Our community organizer is not ready for the world stage? What racists!
Respect is not “due,” this bunch at all.
“With all due respect, U.S. policy is clueless,” Schaeuble said.
We’re #1! USA! USA! USA!
According to other stories, the Euros are completely puzzled by the Tea Party-led insurrection against Obama trying to make the U.S. more like Europe....
But in Britain, France, and Germany, the center-right governments themselves are rejecting Obama's type of economic policy.
In fact, the Germans are doing themselves what the Tea Partiers want to do here.
Nein, nein, Herr Schaeuble.
You and your continential commies begged the U.S. to elect the Savior. He and HIS commies are now doing what commies do, which is eff things up. So please, go somewhere else to cry in your Krombacher.
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