Germany Rejects Obama's Criticism in Euro Crisis

[Brad Gile]

Germany Rejects Obama's Criticism in Euro Crisis
US Deficit 'Higher than Euro Zone's'

German Finance Minister Wolfgang Schäuble rebuffed recent criticism of Germany's handling of the euro crisis from Barack Obama, telling the US president to get his own house in order before giving advice.

"Herr Obama should above all deal with the reduction of the American deficit. That is higher than that in the euro zone," he told German public broadcaster ZDF on Sunday night. It is easy to give advice to others, he added,
Obama, worried about the impact of the debt crisis on the global economy and financial markets -- and on his own prospects for re-election --has been urging Europe to step up its efforts to tackle the problem.

More at
http://www.spiegel.de/international/...-a-840749.html

[Guerilla poster]

if only Barry would rub Angela's shoulders. But Wolfgang is entirely right, if Obama can't agree with Boehner on a budget, he has no leg to stand on.

[Brad Gile]

Originally Posted by Guerilla poster

if only Barry would rub Angela's shoulders. But Wolfgang is entirely right, if Obama can't agree with Boehner on a budget, he has no leg to stand on.

RN

[ElDucky]

The Euro debt crisis is the only thing that has postponed an American debt crisis. He should be thankful, in a way.

[twig93]

Agree (with all of it)

[Dr T Non-Fan]

In the olden days, the euro's would be begging the US to inflate US prices. And the US of the time bent over and took it. Simplest explanation (one I haven't heard, except in my mind) was there were compromising pictures taken. Not sure why we'd do it otherwise, except to get kickbacks from companies that benefitted from the actions of the Fed.