Obviously Germany is not aware Obama, Geithner and Bernanke are the best and brightest. Cough..cough...cough...help me damn it...I'm choking...
..................................Germany slams 'stupid' US plans to boost EU rescue fund
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. [...]
Germany is on the brink of being No. 2 in global economic growth. Maybe there was a method to the troll's comments. ?
ReplyDeleteBut Germany just ok'd a bailout increase yesterday or today. So, what's up with that. I thought they were against it. Does this mean we have to eventually increase our German foreign aid? In the short run it doesn't affect us, but maybe down the the line, it might. Isn't this what the troll told Merkel he wanted done (as though he had the right to tell her what the hell to do!)?
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