[Pen-l] the road to Hell is paved with fiscal policy...

[Jim Devine <jdevine03@xxxxxxxxx>]

New York TIMES / March 26, 2009

European Leader Assails American Stimulus Plan

By STEVEN ERLANGER and STEPHEN CASTLE

PARIS — The European Union’s crisis of leadership during the economic
downturn was thrown into sharp relief on Wednesday, as the current
president of the 27-nation bloc labeled President Obama’s emergency
stimulus package “a way to hell” that will “undermine the stability of
the global financial market.”

The blunt comments by the Czech prime minister, Mirek Topolanek, whose
country holds the rotating presidency of the union, came just a week
before a crucial meeting of the Group of 20 that was called to show
global solidarity in fighting the recession. The comments were greeted
with embarrassment by many Europeans who believe that the Czech leader
does not represent a European consensus.

What made the situation even more trying for those who hope that the
European Union might find a common voice in this crisis was that Mr.
Topolanek’s own governing coalition collapsed on Tuesday. The Czech
opposition party, which favors bigger increases in domestic spending
during the slump, won a no-confidence vote on his leadership.

http://www.nytimes.com/2009/03/26/world/europe/26czech.html
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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