E.U. President-Czech Prime Minister Mirek Topolanek : U.S. Economy On Road "To Hell"
Czech Prime Minister Mirek Topolanek told the European parliament in Strasbourg that the Obama administration's stimulus package and financial bailout risked undermining the stability of the global financial market. "The U.S. Treasury Secretary, talks about permanent action and we, at our spring council, were quite alarmed by that. He talks about an extensive U.S. stimulus campaign. All of these steps, their combination and their permanency is a way to hell.
"We need to read history books and revisit the lessons taught by history," Topolanek said, taking the E.U. presidency on a collision course with Washington over the economic options to solve the world economic crisis. The prime minister made the comments as he briefed parliament on the outcome of the EU's recent summit in Horsham, England.
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