Yourrrr so vain....you probly think this summits about you
Posted on 04/01/2009 10:33:04 PM PDT by TigerLikesRooster
G20 summit: European demands threaten to wreck deal
Nicolas Sarkozy suggested that Europe would not take economic direction from the US
Philip Webster, Political Editor and Catherine Philp
France and Germany delivered a late threat to derail Gordon Brown’s efforts to secure a global recovery deal last night by demanding new concessions from the United States on financial regulation.
In a classic show of eve-of-summit brinkmanship, Angela Merkel and Nicolas Sarkozy joined forces to give warning that they would refuse to sign any agreement that did not meet their “red lines” on tax havens, hedge fund regulation, tracing “securitised” assets sold around the world and capping bankers’ remuneration. They also wanted the “naming and shaming” of tax havens that refused to go along with tougher regulatory rules, which is being opposed by the United States.
In a reminder of former confrontations between America and the countries of Old Europe, Mr Sarkozy suggested that Europe would not take economic direction from the US. He appeared to suggest that America would have to compromise, adding pointedly: “The crisis didn’t spontaneously erupt in Europe, did it?”
The firm stance of Mr Sarkozy and Ms Merkel and the language used in a joint press conference took negotiators by surprise as they prepared to work through the night on the communiqué to be released today.
(Excerpt) Read more at timesonline.co.uk ...
Ping!
With everything with this our current teleprompter reader, I m praying daily that all his plans fail. Because his failure means the country is better off. Period.
To bad they’re already received my tax money through transfers from AIG.
I think you have a legitimate claim on a pound of flesh from Barney Frank. Sign up quickly because long line would be forming up soon.:-)
I still can’t believe that POS represents me in the US government. What an embarrassment...along with many others.
ditto.
The mega-debt deal? The power hungry Obama/Brown deal? Dump it all.
Would it be that 0bama stands tall and hangs tough in avoiding the new global economic regulations? Avoids the new global currency system, and avoids control of US sovereignty through the IMF? While I disagree with everything this guy has done so far, in this effort to avoid harmful, sovereignty breaking regulation I support him and pray for his strength of will.
http://www.freerepublic.com/focus/bloggers/2220299/posts?page=12#12
Posted just yesterday from Hannity and Morris conversation.
Yourrrr so vain....you probly think this summits about you
what an interesting title “European demands threaten to wreck deal”. Why isn’t it “US demands threaten to wreck deal”? It takes two to tango. We know damn well if Bush was president, the blame would be placed on US for wrecking everything, for being arrogant and not listening
Obama should face charges of treason—this piece of chicago trash some call a president best stick to organizing illiterates.
” but its most important message has already been issued.
Alas, not by President Obama.
The confab — which hosts the world’s 19 largest economies, plus the EU — is supposed to whip up a magic solution to restore the global economy. It’s a follow-on, actually, to last November’s G-20 gathering, convened in the heat of the global financial meltdown.
At that time, then-President George W. Bush used the occasion to tout the merits of free-market capitalism.
Recognizing that international responses to the financial crisis could quickly devolve into an assault on economic freedom, Bush wanted to make absolutely clear where the United States stood.
“If you seek economic growth, if you seek opportunity, if you seek social justice and human dignity — the free-market system is the way to go,” Bush said.
That was true six months ago — and it’s just as true today.
Yet, now we have a new president.
And while the G-20 offered an ideal chance for Obama to make his own unequivocal plea for free markets, he blew the opportunity.
Indeed, leading up to today’s event, the biggest defender of independent, free economies was Germany’s Angela Merkel — who put the kibosh on the massive global spending spree championed by Obama and the UK’s Gordon Brown. “ From article in New York Post on Hussein stupidity and abdication.
CNBS is already spinning that G20 so far is “less worse than expected”.
If you have some time on your hands, check out their video archive from maybe Tuesday just before the close when Maria interviews Jim Rogers. She was making such a big deal about how important G20 was, here I am in London I’ll be interviewing all the big players throughout the session, blah blah. Then she asks Jim Rogers what he thinks is going to happen, and he says, NOTHING is going to happen! This whole thing is a waste of time! She’s speechless.
A bunch of 'your kids' playing with monopoly money to the bitter end, while feeling self-important during a brief break.:-)
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