Geithner All Smiles While the Germans Give Up
Here's Geithner talking to Sarkozy and Cameron. The accompanying article in the Wall Street Journal says he's confident the Europeans are on top of the crisis will work things out:
"We're encouraged by the progress [Europeans] are making, not just to put in place economic reforms across Europe to create the conditions for stronger growth in the future, but to try to build a stronger architecture for a fiscal union ... and try to make sure there's a sufficiently strong firewall in place to support those efforts..."
If anyone knows what he's talking about, please let me know.
If anyone still takes Geithner seriously, see your physician or psychiatrist. You may be suffering from some exotic physical disability or perhaps suffering from delusions.
Meanwhile, the Germans are giving up. This article, in the same edition of the Journal, quotes a "senior government official":
"I am more pessimistic than I was last week on the chances of total agreement," the official said on condition of anonymity. A more likely scenario, the official said, is that the 17 euro-zone countries, together with "four or five" other EU countries, would separately agree to far-reaching coordination of economic policies, supervision of their budgets through European officials and strict limits on debts and deficits.
The morning the article appeared, U.S. stock futures were up - for a while. The Geithner smiles must have goosed them up. After that, though, the averages "flattened." Maybe this sour senior official put a damper on today's sunshine.
In the end, we're left with the same crisis, the same mess, and no progress.
If you think I missing something and that something really is being resolved, please let me know.
After that, I recommend you see your physician or your psychiatrist. You're probably suffering from some exotic physical disability or perhaps suffering from delusions.
"We're encouraged by the progress [Europeans] are making, not just to put in place economic reforms across Europe to create the conditions for stronger growth in the future, but to try to build a stronger architecture for a fiscal union ... and try to make sure there's a sufficiently strong firewall in place to support those efforts..."
If anyone knows what he's talking about, please let me know.
If anyone still takes Geithner seriously, see your physician or psychiatrist. You may be suffering from some exotic physical disability or perhaps suffering from delusions.
Meanwhile, the Germans are giving up. This article, in the same edition of the Journal, quotes a "senior government official":
"I am more pessimistic than I was last week on the chances of total agreement," the official said on condition of anonymity. A more likely scenario, the official said, is that the 17 euro-zone countries, together with "four or five" other EU countries, would separately agree to far-reaching coordination of economic policies, supervision of their budgets through European officials and strict limits on debts and deficits.
The morning the article appeared, U.S. stock futures were up - for a while. The Geithner smiles must have goosed them up. After that, though, the averages "flattened." Maybe this sour senior official put a damper on today's sunshine.
In the end, we're left with the same crisis, the same mess, and no progress.
If you think I missing something and that something really is being resolved, please let me know.
After that, I recommend you see your physician or your psychiatrist. You're probably suffering from some exotic physical disability or perhaps suffering from delusions.
Comments