White House spokesman Jay Carney said the U.S. could offer unique insights from the 2008 financial crisis on Wall Street and the steps taken to avert disaster.
"The United States, obviously, has a great deal of influence, because of who we are and the role we play in the global economy, and globally in general," he said Wednesday. "I would not discount the significance of the experience that we have in terms of its usefulness to the Europeans."
Carney added: "It's very important that the Europeans take the conclusive action that's necessary to deal with this crisis, obviously for their own sake, but we're - our interest is not entirely altruistic. It's also because we are a very important part of the global economy, and it affects our economy."
Beyond the threat of contagion from the crisis, the European emergency could affect the U.S. by altering geopolitical balances. China is considering helping Europe build a $1.4 trillion bailout fund that would protect Italy and Spain in the event of a Greek default.
The U.S. is in no position to offer such financial assistance while participation by China would expand its influence in Europe, potentially at the expense of the U.S.Maybe a Greek god.
backyardconserv Anne Leary
Even phony sanctimony.Quoting cliche as scriptureRT
Yes, France is an integral part of the expression. Apparently it goes back to the French Enlightment in the 18th century, when people stopped making God responsible for everything and started to revere rationality. Thus, God had nothing to do any more and could go on an extended vacation or early retirement.
We can't wait.
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