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Economy
Obama attacks Euro leaders over debt crisis
2011-09-14
Pot, meet kettle .... or, Chutzpah illustrated.
President Barack Obama has criticised European leaders for failing to tackle the debt crisis and has demanded "more effective, co-ordinated" fiscal policy.

Reflecting the anger of Americans who are blaming Europe for the current economic turmoil, the President called for eurozone leaders to show global markets they are taking responsibility for the crisis.

Tim Geithner, the US Treasury Secretary, is set to take the unusual step of attending a European Finance Ministers meeting on Friday.

Analysts at JP Morgan said there was "a growing sense that the crisis is reaching a climax", arguing that the "endgame on EMU [European Monetary Union] is approaching fast".
Okay, they have a point.
Jim O'Neill, chairman of Goldman Sachs Asset Management, added that along with Greece, "something big needs to happen for European bank capital, the clarity and determination of ECB policy making and, most importantly, where Germany wants to lead EMU".

Market confidence in the 17-state eurozone was knocked again on Tuesday when Italy was forced to pay a record 5.6pc yield to sell €3.9bn (£3.4bn) of five-year bonds. Officials said that Giulio Tremonti, the country's finance minister, had met investors from China but there was not yet an agreement to buy government bonds.

Markets across Europe had a volatile day amid fears of Greek and Italian default, and a French banking crisis.
Posted by:lotp

#11  He can go golfing..but no word on whether he is good at that either.
Posted by: swksvolFF   2011-09-14 18:53  

#10  "Hold on Barry: how is this Bush's fault again?"

Don't be silly, SM - he don't need no steenkin' badge reason.
Posted by: Barbara   2011-09-14 16:25  

#9  Obama really can't do anything but blame others and point fingers, can he?

Well, it's kinda hard to take credit for good things happening when nothing good is happening.
Posted by: Ebbang Uluque6305   2011-09-14 16:20  

#8  Obama really can't do anything but blame others and point fingers, can he?
Posted by: DarthVader   2011-09-14 10:43  

#7  It's going to be hard to throw people under the bus after the wheels come off.
Posted by: Nimble Spemble   2011-09-14 09:03  

#6  Obama attacks Euro leaders over debt crisis

Behold! Muslim gratitude.
Posted by: Besoeker   2011-09-14 08:18  

#5  It's only 20 minutes into the day, but I vote Joe and SteveS as the standup "Snark of the Day."

Joe:
#3 SAME > {Asia Times] OBAMA SOUGHT ARREST OF BUSH + CHENEY FOR 9-11 TREASON.
**** cough **** cough **** cough *** ..
D *** NGED TASTY PINEAPPLE FRITTERS.

SteveS:
And are there any of those fritters left?
Posted by: Sherry   2011-09-14 01:21  

#4  So Fearless Leader has thrown all of Europe under the bus? What happened to them being our enlightened, sophisticated betters? And are there any of those fritters left?
Posted by: SteveS   2011-09-14 00:48  

#3  SAME > {Asia Times] OBAMA SOUGHT ARREST OF BUSH + CHENEY FOR 9-11 TREASON.

**** cough **** cough **** cough *** ..

D *** NGED TASTY PINEAPPLE FRITTERS.
Posted by: JosephMendiola   2011-09-14 00:26  

#2  Yeeeuuuuuppp ...

See also CHINA DAILY FORUM > US BLAMES EU FOR GLOBAL ECONOMIC CRISIS.

versus

* SAME > EX-US TREASURY SECRETARY: US IS [steadily] COLLAPSING. Govt must take the lead + push both market reforms + demand [before it becomes too late].

CLINTON-era TreaSec Lawrence Summers.
Posted by: JosephMendiola   2011-09-14 00:24  

#1  Hold on Barry: how is this Bush's fault again?
Posted by: Secret Master   2011-09-14 00:11  

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