EU president declares US economic policy is the “road to hell”…
One day after being ousted as head of the Czech government Mirek Topolanek, who currently holds the revolving chair of the European Union, openly criticised the financial policy of the US government, telling European parliamentary deputies that America was on the “road to hell”.
Speaking before the European Parliament on Wednesday, Topolanek warned that the massive costs of the stimulus plans and financial bailouts implemented by the US administration led by President Barack Obama would “undermine the stability of the global financial market”. The EU president then declared that the US government was guilty of protectionism and that the Obama administration risked repeating the errors of the Great Depression of the 1930s.
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