Tuesday, March 10, 2009

16 Pigs Flying in Formation

Here's a shocking development. European socialists have told the just-elected socialist American president that they are done with big government action for the forseeable future.

European ministers said on Monday they had no plans to add to recent fiscal stimulus packages despite calls from the US for radical expansions in government action to boost ailing economies.

Meeting in Brussels, finance ministers from the countries in the eurozone said they wanted first to see the effect of stimulus packages that had been passed. Peer Steinbrück, the German finance minister, said: “We are not debating any additional measures.”

Whoa. This is not your granddad's Internationale, now is it?
Jean-Claude Juncker, chair of the “eurogroup” of ministers, said: “The 16 finance ministers agreed that recent American appeals insisting Europeans make an added budgetary effort were not to our liking.”

So, the socialist brotherhood of Europe tells Obama enough is enough.