Brown "thinks he's Atlas
Tomorrow Gordon Brown travels to Europe to show the collegues how to save the world. French President Nicholas Sarkozy will try and press the other 26 European Union member states to approve the 200 billion euro economic stimulus plan proposed by the European Union Commission.
Nothing, however, is guaranteed to happen. Currently, everyone is responding to the economic crisis at a national level. Several countries have expressed their reluctance to a pan-European plan because they do not have the funds (i.e. Hungary, Poland, Ireland, Greece…). It’s Germany, however, who is slamming on the brakes.
As Europe’s economic powerhouse, Germany is not prepared to foot the bill – as others hoped – because its books are balanced. The German Chancellor Angela Merkel has warned against an EU stimulus.
Nothing, however, is guaranteed to happen. Currently, everyone is responding to the economic crisis at a national level. Several countries have expressed their reluctance to a pan-European plan because they do not have the funds (i.e. Hungary, Poland, Ireland, Greece…). It’s Germany, however, who is slamming on the brakes.
As Europe’s economic powerhouse, Germany is not prepared to foot the bill – as others hoped – because its books are balanced. The German Chancellor Angela Merkel has warned against an EU stimulus.
posted by Anoneumouse at 2:51 pm
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