Merkel Says Washington Helped Drag Europe into the Credit Crisis | G.O.O.D

Mountain House Freeze-Dried Food « Oil’s Price Jump Makes History Polar bears resort to cannibalism as Arctic ice shrinks » Sep 23 2008 Merkel Says Washington Helped Drag Europe into the Credit Crisis Posted by: Joshuah in Economics, tags: Angela Merkel Source: SPIEGEL ONLINE The United States government is campaigning around the world for support for its multibillion-dollar Wall Street rescue package. The reaction has been skeptical at best — and in Europe the plan has been met with bareknuckled criticism. German Chancellor Angela Merkel has accused the US government of serious failures which she believes contributed to the current credit crisis. In particular she blamed Washington for resisting stricter regulation. On Monday she also said the crisis could hurt the German economy. “The whole thing is going to set the pace for the economy in the coming months and perhaps years,” Merkel said at a meeting of her party, the conservative Christian Democrats. Full Story… This entry was posted on Tuesday, September 23rd, 2008 at 6:23 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Leave a Reply You must be logged in to post a comment. Login »
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Creative Commons Attribution 3.0 United States

Creative Commons Attribution 3.0 United States