SocraticGadfly: EU worried about deficits now, not just ‘someday’

March 25, 2009

EU worried about deficits now, not just ‘someday’

The European Union, from Czech Prime Minister Mirek Topolanek, who holds the EU presidency, on down, wants action, not talk from the Obama Administration on financial re-regulation/reform.

And, I agree.

While I agree with Paul Krugman on panning Tim Geithner, I DIS-agree on him panning the Euros for insisting on more reform first. Given the G. Sachs connections of the Obama-Summers-Geithner troika, why shouldn't the EU be worried about getting another unfulfilled promise of reform from Washington?

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