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Tuesday, September 27, 2011

Germany Slams Obama, Geithner Plan for Europe

Germany's Wolfgang Schauble on the White House plan for Europe:

"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.

What, they don't want the same result as Southeast Asia after Geithner's "solution" in 1998? It only set their economies back by about a decade.