Europe swipes back after US debt jibe

Published: 17/09/2011 at 09:06 PM
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The European Central Bank defended the eurozone's handling of its public finances on Saturday, saying the bloc was better off than global rivals, after the US lectured Europe on its debt record.

European Central Bank President Jean-Claude Trichet attends a news conference after a meeting of the 17-nation eurozone's finance ministers and central bankers in Wroclaw, Poland. The ECB has defended the eurozone's handling of its public finances, saying the bloc was better off than global rivals, after the US lectured Europe on its debt record.

"Taken as a whole, it is probably better than other major advanced economies," ECB chief Jean-Claude Trichet said at the close of talks in Poland among European Union finance ministers marred on Friday by a spat with guest US Treasury Secretary Timothy Geithner.

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: Writer: AFP News agency; Position: Agence France-Presse

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abbub
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Discussion 2 : 18/09/2011 at 11:00 AM2
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Not really the blind leading the blind. They do need glasses, that's for sure. But:

- the US has 40,000,000 qualifying for food stamps and considered living below or at the poverty line
Europe none; government guaranteeing a minimum income

- the US has 70,000,000 without proper health care
Europe guarantees health care for everyone, by European law

- the US; homelessness rampant.
Europe has almost no homeless people to speak of.

- the US has murder rates to be ashamed of so high, violent crimes at totally unacceptable levels.
Europe has low murder rates and few violent crimes.
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spiceman
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Discussion 1 : 18/09/2011 at 07:01 AM1
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Is this a blind leading another blind off the cliff?
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Europe swipes back after US debt jibe | Bangkok Post: breakingnews