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Brown snubbed over tax
Germans wreck ‘global new deal’
GORDON BROWN’S carefully laid plans for a G20 deal on worldwide tax cuts have been scuppered by an eve-of-summit ambush by European leaders.
The assault by European Union leaders also represents a defeat for President Barack Obama, who is desperate for other big economies to copy his $800 billion stimulus plan.
“In these conditions I and the rest of my colleagues from the eurozone believe there is no room for new fiscal stimulus plans,” he said.
Nicolas Sarkozy, the French president, has insisted that “radical reform” of capitalism is more important than tax cutting.
“We believe that an open world economy, based on the principles of the market, effective regulation and strong global institutions, can ensure sustainable globalisation with rising well-being for all,”
Privately, government officials admit that no further fiscal stimulus will be announced this week, although there will be a $250 billion package for the International Monetary Fund to help rescue struggling poor nations.
UK officials have not given up on the idea there could be agreement on a fresh boost for the world economy later in the year. “It is likely that there will be another heads of government meeting probably in Asia in the autumn,” “This will be the forum where the next round of stimulus will be discussed.”
Nicolas Sarkozy, the French president, has insisted that “radical reform” of capitalism is more important than tax cutting.
The assault by European Union leaders also represents a defeat for President Barack Obama, who is desperate for other big economies to copy his $800 billion stimulus plan.
the seed that it would be helpful and desirable to the always correct French, and the prudent British, but those rotten Germans are wrecking things again.
With the every progressive thinking and freedom loving French and British leading the charge for what the Huns are against yet again.
Originally posted by Vitchilo
ProtoplasmicTraveler, are you sarcastic or something?
the seed that it would be helpful and desirable to the always correct French, and the prudent British, but those rotten Germans are wrecking things again.
Rotten germans? Are you some kind of angry jew or something?
With the every progressive thinking and freedom loving French and British leading the charge for what the Huns are against yet again.
You MUST be kidding. Freedom loving british? HAHAHAHAHAHA
Seriously. Giving MORE power to the scum who put us in this situation is really retarded.