Assploding hypocrisy.
(Telegraph) — President Barack Obama has criticised European leaders for failing to tackle the debt crisis and has demanded “more effective, co-ordinated” fiscal policy.
Reflecting the anger of Americans who are blaming Europe for the current economic turmoil, the President called for eurozone leaders to show global markets they are taking responsibility for the crisis.
Mr Obama told Spanish journalists: “The leaders in Europe must meet and take a decision on how to co-ordinate monetary integration with more effective, co-ordinated fiscal policy.”
Tim Geithner, the US Treasury Secretary, is set to take the unusual step of attending a European Finance Ministers meeting on Friday.
HT: Lloyd