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Author Topic: Obama asks help from the EU to drag USA's ailing economy  (Read 3644 times)
Geopol
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« on: August 02, 2012, 01:21:45 AM »

Facing in 2 Months a hard electoral vote contest by GOP's new US Presidential Candidate Romney, Obama practically urged EU leaders to help boost the ailing USA and Global Economy, after Treasury Secretary Geithner observed that Washington's Budgetary situation didn't allow it to stimulate business, followed by IMF's Head Lagarde's denonciation of the fact that serious questions are raised today by USA's Financial problems.

Obama immediately phoned to Hollande in France, who anounced afterwards that Global Economy needs a stimulus to be given by Eurozone's Central Bank, due to convene tommorrow at Frankfurt. Geithner had already stressed that US Economy couldn't currently find a "Drag" (as he reportedly put it) but only by Europe, if it decides to push Growth in EU Countries. By coincidence, this fits the name of "Draghi", ECB's head, an Italian former Goldman Sachs' agent, who recently anounced strong European moves to come...

Geithner earlier made an  unusual trip through the EU, not hesitating to travel even at a Northern Sea island, far away from capitals, to meet holidaying German Finance Minister Schäuble, as well as Draghi back in Frankfurt, repeating almost desperate urgent calls asking from the EU to hurry up and move to boost Growth, which obviously could attract USA imports.


* USA Geitner urges EU to move...jpg (14.75 KB, 210x235 - viewed 597 times.)
« Last Edit: August 02, 2012, 01:24:00 AM by Geopol » Logged
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