|What’s in U.S. Treasury Secretary Timothy Geithner’s wallet? Not much?|
The U.S. Treasury Secretary, Timothy Geithner, wants, the E.U.- emergency fund enlarged, so that weak Europe countries could be saved. The Europe- crisis, would be the growth of the U.S. economy limit.
Chancellor Angela Merkel warned on Wednesday in Davos against excessive demands strong countries like Germany, "If Germany promises something, and it can not comply, we have an open flank." ( read: I will not re-elected.)
???>> The U.S. debt is more than 100% of GDP. That of the EU about 80%. With more than 14,000 trillion national US-debt, and 400,000 new, unemployed came there this week in his U.S- country.
Yes, for us - Europe - slaves! to buy, government bonds!
Many banks have lent money to shaky European countries (>banks), also U.S. banks have lent, and that money would be like come back - and, of course, with high interest!
But, U.S. banks have borrowed 3.5 trillion from the European banks and European banks have borrowed only 1.2 trillion from U.S. banks.