And, EU member states keep saying no. Even if Treasury Secretary Tim Geithner is right that the rest of the world needs more classical Keynesian economics, he’s not going to get it until the EU sees more work on financial regulation issues.
The EU is not a bunch of clueless Obamiacs, nor in the bag for Goldman Sachs.
On the other hand, the International Monetary Fund claims EU states are behind the U.S. in cleaning up bank asset pages.
On the third hands, the story doesn’t say what standard the IMF used to render that decision. Was it Geithner’s sieve-like “stress tests”?
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