Thread: Obama to bail out Europe?

Obama to bail out Europe?








Washington : European Commission President José Manuel Barroso (R) speaks following a summit with US President Barack Obama November 28, 2011.



Officially it never was called an "Emergency summit." But with the European currency only days from collapse according to many economists, it was clear that European leaders came to beg the American president for help.

A closed-door conversation today between US President Barack Obama and European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso dealt with, among other things, the ongoing crisis that is spreading out of the Eurozone and into the United States.

And according to statements courtesy of Obama, the time of American intervention could be coming soon, and at a monumental cost to the American public.

The European debt crisis, says the president, is of “huge importanceâ€

GOP Seeks to Halt $100 Billion Boost to Troubled International Monetary Fund

by John Gizzi

05/23/2011

As the world’s eyes focused this weekend on the legal turbulence surrounding Dominique Strauss-Kahn​, and the International Monetary Fund (IMF) moved closer to choosing his replacement as its managing director, Republicans in both the U.S. Senate and House of Representatives made it clear to HUMAN EVENTS that they were going to push for tighter reigns on U.S. funding for the organization.

Rep. Cathy McMorris Rodgers (R.-Wash.), vice chairwoman of the House Republican Conference, made it clear she would soon seek to stop the additional $100 billion that Congress (then under Democratic control) voted to give the IMF in ’09 at President Obama’s urging. Asked by HUMAN EVENTS last week whether McMorris Rodgers would actually pursue an outright halt to the $100 billion from the U.S., her spokesman told us: “Yes, that is one of her top priorities.â€