EU President – US Plan is a Way to Hell !

• The gloves are off. The attacks have begun. China and Russia have weighed in on their calls for a new reserve currency. Now the EU president is openly attacking US policies. Do you smell an earthquake coming?? At G20 next week?? May we live in interesting times? Looks like coming true.
   
• The Telegraph UK reports :
   
  Barack Obama and Gordon Brown’s plans to increase spending on economic recovery have been described as “a road to hell” by the European Union presidency. 
   
  Internal European divisions are growing over the Prime Minister and US President’s strategies to fight the economic crisis just one week before a critical G20 summit in London.
   
  Mirek Topolanek, the Czech prime minister who is running a caretaker EU presidency after the collapse of his government on Tuesday, highlighted European splits over fiscal stimulus plans promoted by Mr Obama, with Mr Brown’s support. 
   
  Mr Topolanek warned the European Parliament that the Obama administration’s stimulus package and financial bail-out “will undermine the stability of the global financial market”.
   
  ”All of these steps, these combinations and permanency is the way to hell,” he told Euro-MPs in Strasbourg ”We need to read the history books and the lessons of history and the biggest success of the EU is the refusal to go this way.”
   
  His comments reveal European disunity just eight days ahead of the G20 summit of the world’s industrialised countries in London next Thursday.

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