The Conservative Cave
Current Events => Politics => Topic started by: megimoo on September 27, 2011, 03:47:52 PM
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Germany and America were on a collision course on Tuesday night over the handling of Europe's debt crisis after Berlin savaged plans to boost the EU rescue fund as a "stupid idea" and told the White House to sort out its own mess before giving gratuitous advice to others.
German finance minister Wolfgang Schauble said it would be a folly to boost the EU's bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.
"I don't understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense," he said.
Mr Schauble told Washington to mind its own businesss after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is "scaring the world".
"It's always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government," he said.
http://www.telegraph.co.uk/finance/financialcrisis/8793010/Germany-slams-stupid-US-plans-to-boost-EU-rescue-fund.html
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:rotf:
A tax cheat political appointee in the most incompetent administration since Carter giving monetary policy advice to the German finance minister, oh, I can just imagine what was said that didn't get published!
:rotf:
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:rotf:
A tax cheat political appointee in the most incompetent administration since Carter giving monetary policy advice to the German finance minister, oh, I can just imagine what was said that didn't get published!
:rotf:
Kraut. :-)
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Kraut. :-)
:-)
Yeah, and I would bet the words "Verdammte Scheisskopf" were in the mix!
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What? Dear Leader is NOT the leader of the entire world? OMG!
Obumbler gets bitchslapped, I love it!