Tuesday, September 27, 2011

Tim Geithner continues to wow our allies

U.S. Treasury Secretary Tim Geithner has once again been rebuked by our European allies.  This time it was the German Finance Minister, Wolfgang Schauble, who referred to the rescue plan pushed by Geithner as "stupid."  According to the article,
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.
Perhaps there was a faulty translation, but I get the distinct impression that the finance ministers of the financially responsible European governments don't have a great deal of respect for our current Administration.