Posted by WARREN MOSLER on March 26th, 2009
Looks like the EU leaders don’t know much about how monetary systems work, either.
by Raf Casert
Mar 25 (AP) — A top European Union politician on Wednesday slammed U.S. plans to spend its way out of recession as “a way to hell.”
Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency, told the European Parliament that President Barack Obama’s massive stimulus package and banking bailout “will undermine the stability of the global financial market.”