Barack Obama tells EU: boost growth now or face a global crisis

[Eugene]

Source: The Guardian

Barack Obama tells EU: boost growth now or face a global crisis

Germany to be urged to ease austerity during G8 talks as fears of
global recession grow

Larry Elliott, Jill Treanor, Nicholas Watt and Ewen MacAskill in Washington
guardian.co.uk, Thursday 17 May 2012 20.49 BST

Barack Obama is to put pressure on Germany to ease the pain of austerity with policies to boost growth, as he uses two days of talks with the G8 industrial nations to warn Europe it needs to act swiftly to spare the world economy from a second deep recession in four years.

Ahead of the G8 summit, at Camp David this weekend, a warning from the ratings agency Fitch that Greece's days in the single currency could be numbered heightened fears in Washington that the worsening crisis in the eurozone poses a threat to America's fragile recovery and President Obama's re-election chances.

Obama will welcome the new French president, François Hollande, as a potential ally in his push for Europe to follow the US in giving a higher priority to expansionary policies, and as a counterweight to the German chancellor, Angela Merkel.

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Read more: http://www.guardian.co.uk/business/2012/may/17/barack-obama-eu-growth-crisis

[Mister Lane]

1. Never Mess With the Germans

Does Obama think that he can tell the Germans what to do? Hitler, buddy, this negro thinks he can boss around the Master Race....

[FogerRox]

2. Ouch......

[Odin2005]

3. Your attempt at humor failed.

[hifiguy]

4. Your PPRoni pizza has been delivered.

[malaise]

5. I need to know his favorite flowers

[malaise]

6. Hello

and farewell

[fascisthunter]

7. you sound like an ignorant right winger

[Zax2me]

8. That's a little boorish.

I don't believe you have ill intent but your 'joke' is a little rough.

[marmar]

10. The pizza was delivered quickly, I see.

nt

[MrTriumph]

9. The Germans should laugh at Pres. Obama. Under Bush's 3rd term the US government has

The Germans should laugh at Pres. Obama. Under Bush's 3rd term, Pres. Obama has strictly maintained the Bush policy of currency manipulation against the Euro. The idea is to keep the dollar weak to encourage Europeans to buy American goods. Of course, that makes European goods more expensive for Americans. So Obama expects European growth even as the US works to suppress European imports?

Think about it: The Euro is in dire trouble, yet it costs $1.27 to buy 1 Euro today. That's very successful manipulation!