HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Economy & Education » Economy (Group) » STOCK MARKET WATCH -- Tue... » Reply #22
Introducing Discussionist: A new forum by the creators of DU

Response to Tansy_Gold (Original post)

Tue Apr 9, 2013, 10:38 AM

22. Agreeing to Disagree: US and Europe Deeply Divided on Austerity

http://www.spiegel.de/international/europe/us-treasury-secretary-visit-to-berlin-highlights-austerity-split-a-893368.html

New US Treasury Secretary Jacob Lew's trip through Europe this week has been advertised as a chance for him to get to know his counterparts in Brussels and capitals across the euro zone. But while smiles have been plentiful thus far, the visit has primarily served to highlight the deep philosophical gulf dividing the trans-Atlantic partners.

The US, Lew made clear on Monday in Brussels and again on Tuesday in Berlin, would like to see Europe finally ease up on its strict course of austerity to stimulate economic growth on the Continent. But EU leaders have made equally clear that leniency for deeply indebted euro-zone member states is definitely not in the cards.
"As we continue to address many of our long-term challenges, our economy's strength remains sensitive to events beyond our shores," he said in a press conference following his Tuesday meeting with German Finance Minister Wolfgang Schäuble. "We have an immense stake in a prosperous Europe."

Lew seemed disinclined to go further in Berlin, preferring instead to emphasize areas of agreement between the US and Europe. But his message was clear. He had spelled it out on Monday in Brussels, saying, "I was particularly interested in our European partners' plans to strengthen sources of demand at a time of rising unemployment."

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 44 replies Author Time Post
Tansy_Gold Apr 2013 OP
Demeter Apr 2013 #1
Demeter Apr 2013 #2
AnneD Apr 2013 #17
Demeter Apr 2013 #27
AnneD Apr 2013 #36
Demeter Apr 2013 #3
Demeter Apr 2013 #4
Demeter Apr 2013 #5
Demeter Apr 2013 #6
newfie11 Apr 2013 #9
Fuddnik Apr 2013 #25
Demeter Apr 2013 #28
AnneD Apr 2013 #37
Demeter Apr 2013 #7
Demeter Apr 2013 #8
Demeter Apr 2013 #10
xchrom Apr 2013 #11
xchrom Apr 2013 #12
xchrom Apr 2013 #13
xchrom Apr 2013 #14
xchrom Apr 2013 #15
xchrom Apr 2013 #16
bread_and_roses Apr 2013 #18
Demeter Apr 2013 #29
Fuddnik Apr 2013 #35
xchrom Apr 2013 #19
xchrom Apr 2013 #20
AnneD Apr 2013 #21
xchrom Apr 2013 #23
Fuddnik Apr 2013 #24
Tansy_Gold Apr 2013 #26
Demeter Apr 2013 #30
AnneD Apr 2013 #32
DemReadingDU Apr 2013 #34
bread_and_roses Apr 2013 #38
LineReply Agreeing to Disagree: US and Europe Deeply Divided on Austerity
xchrom Apr 2013 #22
Demeter Apr 2013 #31
AnneD Apr 2013 #33
kickysnana Apr 2013 #39
Demeter Apr 2013 #40
AnneD Apr 2013 #43
Demeter Apr 2013 #41
Fuddnik Apr 2013 #42
AnneD Apr 2013 #44
Please login to view edit histories.