03:29:40

Welcome to The Monetary Current!

Please register and tell us what
you think about the site.

"The free market punishes irresponsibility. Government rewards it."

- Harry Browne

Home The News Miscellaneous Europe Warns Against 'Buy America' Clause
Europe Warns Against 'Buy America' Clause
News - Miscellaneous
Written by ABC News   
Tuesday, 03 February 2009 13:54
ABC News - The European Union is unhappy about a "Buy American" clause in the United States bailout program making its way through Senate this week that officials say reeks of protectionism and could threaten to spark renewed trade wars between the US and Europe.

"President Obama has a major opportunity to give leadership to the world," said the EU's ambassador to Washington, John Bruton, on Monday. "If the first major piece of legislation that he signs is one that is seen as damaging to the economic interests of other countries in a way that is unnecessary and wasteful, then his capacity to give the sort of leadership the world needs at this time is considerably and unnecessarily reduced."

Click here to read the full article

 

Add your comment

Your name:
Your website:
Comment: