Posted on 11/11/2011 6:41:53 AM PST by Libloather
Obama reads riot act to European leaders in late night phone calls and orders them to take more dramatic action on debt crisis
By Daily Mail Reporter
Last updated at 12:55 PM on 11th November 2011
Barack Obama has read the riot act to the leaders of several European countries - saying more dramatic action is needed to avert a eurozone meltdown.
The U.S. President made telephone calls to German Chancellor Angela Merkel, French President Nicolas Sarkozy and Italian President Giorgio Napolitano late last night.
Treasury Secretary Timothy Geithner said the president had demanded faster action from Europe.
It came as Hong Kong revealed it had plunged into recession.
Speaking from the Asia-Pacific Economic Co-operation conference, Geithner said: 'The crisis in Europe remains the central challenge to global growth.
(Excerpt) Read more at dailymail.co.uk ...
Meanwhile --- the loopers in the White Hut's caddy shack are being fed Gunga-Lagunga Saladin for breakfast, lunch, and dinner...
"Oh, uh, there won't be any money,
but when you die, on your deathbed, you will receive total consciousness."
...so at least they still got that going for them - which is nice. [CarlSpacklerVoice -OFF]
TOSS THE Czar/Tsar/Caesar SALADin in 2012
I'm so economist, but if you listen to the media it seems
like everybody in the world owes everybody else. If that
were the case we'd all be even. I'm not being completely
serious, but you get my point.
...and it's all insured by the same people, so no worries...
My daughter just joined the Girl Scouts. Every time she sees Odumbo on TV she says, "CHANGE THE CHANNEL!" So what you said is quite literally true.
This a-hole sure does have a lot of cheek. But, so what’s new? The sun came up in the East this morning....
I’ll bet that went over like a lead balloon. The biggest panhandler in the world preaching frugality to Europe. What a joke!!
The Euro is basically history is how I read this and nothing the manchild or Sarkozy or Merkel can do to prevent it. Europe will go back to how it was pre-Euro with the Greece, Italy, Spain and Portugal leading the race to the bottom. A bunch of banks are going to go belly up and the little guy will get screwed. This is what my Magic 8 ball tells me, anyway.
“where is all the money? Did they just burn it all?
I’m no economist, but if you listen to the media it seems like everybody in the world owes everybody else.
If that were the case we’d all be even. I’m not being completely serious, but you get my point.”
The money is in each others soveriegn bonds, and leveraged to who knows what ungodly levels, maybe as bad as Icelandic banks were. Our TBTJ banks are stuffed with European bonds of the PIIGS, Portugal, Ireland, Italy, and Spain.
If Europe goes, our banks go.
But it is silly of him to tell the leaders of other countries what to do, when Ozero is bought and paid for by those same banks.
Nowhere in the article does it suggest he’s preaching frugality. It doesn’t report what he wants them to do specifically, but I bet he was demanding they pour more money on the fire.
FUBØ
Obama sure does like those acts of riot.
I bet they laughed their asses off before they told him to go F himself! What a joke this horse’s ass is.
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