Germany's finance minister is rejecting U.S. President Barack Obama's calls on Europe to move faster in fighting its debt crisis, telling him to get the American deficit under control instead.
Wolfgang Schaeuble told public broadcaster ZDF in an interview late Sunday that "people are always very quick at giving others advice."
He says: "Mr. Obama should first of all take care of reducing the American deficit, which is higher than in the eurozone."
#1
That would be a good idea that isn't going to happen while Obama is in office. Raising the debt limit is going to come up again just before the election. How's that going to play out?
Germany has told Greece to stop asking for more help and get on with implementing the reforms it has already promised as tensions mount before this week's crucial summit of European Union leaders.
They did cut budgets -- they increased them by only 20% instead of 30%. That's a cut, right?
#3
As are the Germans who, by a significant majority, now support a new Deutsche Mark which would quickly become one of the world's strongest currencies. This, in turn, would cause the price of exports from Germany's export-led economy to skyrocket & their economy to quickly collapse. Either the Germans continue to subsidize Club Med (on Club Med's terms) or they suffer a Great Depression of their own.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
Germany has told Greece to stop asking for more help and get on with implementing the reforms it has already promised as tensions mount before this week's crucial summit of European Union leaders.
