Showing posts with label eu. Show all posts
Showing posts with label eu. Show all posts

Thursday, April 2, 2009

Chris Matthews Says Europe Wants "To Sit in America's Back Seat and Bitch." (Video)

Christopher Hitchens of "Vanity Fair" and Tina Brown of The Daily Beast.com.

Brown says Europe doesn't like when Americans are "arrogant and bullying" but they do like America when it's "Hollywood".

Pretty much sums up how superficial worldwide society has become.

And here I though it was just Americans who were shallow and in love with celebrity.

Hitchens says Europe wants America's security "umbrella"; they want both the financial and military protection and "want the right to complain about it."

Matthews summarizes by saying the above quote.

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Sunday, March 29, 2009

European Opposition to Obama/Brown Spending Plan

President Obama will head to the G20 Summit with a high international approval rating of his person, but his socialistic spending plans are being met with resistance.

He may have the support of radical protesters waving signs saying "Tax The Rich, Make Them Pay", but Europe's political leaders are speaking out against both Obama and Britain's Gordon Brown.

Times Online reports:

Gordon Brown's carefully laid plans for a G20 deal on worldwide tax cuts have been scuppered by an eve-of-summit ambush by European leaders.

Angela Merkel, the German chancellor, last night led the assault on the prime minister’s “global new deal” for a $2 trillion-plus fiscal stimulus to end the recession.

“I will not let anyone tell me that we must spend more money,” she said.

The Spanish finance minister, Pedro Solbes, also dismissed new cash being pledged at Thursday’s London summit.

“In these conditions I and the rest of my colleagues from the eurozone believe there is no room for new fiscal stimulus plans,” he said.

Nicolas Sarkozy, the French president, has insisted that “radical reform” of capitalism is more important than tax cutting.


I don't quite get Sarkozy's point; then again the French have a skewed definition of "capitalism".

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Wednesday, March 25, 2009

EU President: Obama Plans 'a Way to Hell'

Ouch! This one's gonna leave a mark!

Fox News reports:

STRASBOURG, France — A top European Union politician on Wednesday slammed U.S. plans to spend its way out of recession as "a way to hell."

Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency, told the European Parliament that President Barack Obama's massive stimulus package and banking bailout "will undermine the stability of the global financial market."

A day after his government collapsed because of a parliamentary vote of no-confidence, Topolanek took the EU presidency on a collision course with Washington over how to deal with the global economic recession.

Most European leaders favor tighter financial regulation, while the U.S. has been pushing for larger economic stimulus plans.

Topolanek's comments are the strongest criticism so far from a European leader as the 27-nation bloc bristles from recent U.S. criticism that it is not spending enough to stimulate demand.

They also pave the way for a stormy summit next week in London between leaders of the Group of 20 industrialized countries.

The host of the summit, British Prime Minister Gordon Brown, praised Obama on Tuesday for his willingness to work with Europe on reforming the global economy in the run-up to the G-20 summit.

The United States plans to spend heavily to try and lift its economy out of recession with a $787 billion economic stimulus plan of tax rebates, health and welfare benefits, as well as extra energy and infrastructure spending.

To encourage banks to lend again, the government will also pump $1 trillion into the financial system by buying up treasury bonds and mortgage securities in an effort to clear some of the "toxic assets" — devalued and untradeable assets — from banks' balance sheets.

Topolanek bluntly said that "the United States did not take the right path.".

He slammed the U.S.' widening budget deficit and protectionist trade measures — such as the "Buy America" — and said that "all of these steps, these combinations and permanency is the way to hell."

"We need to read the history books and the lessons of history and the biggest success of the (EU) is the refusal to go this way," he said.

"Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the stability of the global financial market," said Topolanek.

Obama insisted Tuesday that his massive budget proposal is moving the nation down the right path and will help the ailing economy grow again. "This budget is inseparable from this recovery," he said, "because it is what lays the foundation for a secure and lasting prosperity."

Obama also claimed early progress in his aggressive campaign to lead the United States out of its worst economic crisis in 70 years and declared that despite obstacles ahead, the U.S. is "moving in the right direction."

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