Czech premier calls US economic path 'road to hell'

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	Czech premier calls US economic path 'road to hell'

gppixelworks

3-26-2009 12:23 PM

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economics, czech, us, eu, recession, depression, g20, credit crunch, bailout, recovery

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/aba59922-4bc1-4fa8-8b0d-931d42c22914/443EE2E4-686E-4AC8-804C-F73A153D9468/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://euobserver.com/9/27853" href="http://euobserver.com/9/27853" style="font-size: 11px;">euobserver.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://euobserver.com/9/27853"><H1>Czech premier calls US economic path 'road to hell'</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://euobserver.com/9/27853"><P>Only a week ahead of a G20 summit in London where Europeans and Americans are to seek a common approach to exit the global financial crisis, Czech Prime Minister Mirek Topolanek, whose country currently chairs the EU presidency, has described US economic recovery plans as a "road to hell."</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://euobserver.com/9/27853"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/euobserver.com/img/212FF5C7-D3E9-430B-A434-FD738251309F" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://euobserver.com/9/27853">Pumping ever-larger sums into the economy is not "the right path" and US President Barack Obama's $787 billion (€578.6 billion) economic stimulus plan and banking bail-out would eventually "undermine the stability of the global financial market</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://euobserver.com/9/27853"><P>"All of these steps, these combinations and [their] permanency is the road to hell," he said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://euobserver.com/9/27853"><P>"We need to read the history books and the lessons of history and the biggest success of the [EU] is the refusal to go this way," he added. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://euobserver.com/9/27853"><P>"I was there and listened to the speech in Czech and he never mentioned the word 'hell,'" Mr Vondra added.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/443EE2E4-686E-4AC8-804C-F73A153D9468/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>