Posts Tagged ‘Spain’

Questioning John Maynard Keynes — Nin-Hai Tseng, Fortune

Monday, June 14th, 2010

But too much public spending has proven unsustainable in parts of Europe. Government finances of Portugal, Italy, Ireland, Greece, Spain — and now possibly Hungary — are shaky. And despite a bailout of nearly $1 trillion to keep Greece afloat, global investors continue to worry about whether the region can contain its debt crisis and prevent a default.

Europe isn’t the only one spooked by its public finances. Earlier this month, the surge in U.S. government spending helped push the national debt for the first time to a scary $13 trillion, which represents about 90% of GDP. Despite a $787 billion stimulus package, unemployment continues to hover near 10%.

‘Europe to Obama: You Can Keep the Terrorists’ — Weekly Standard

Saturday, April 11th, 2009

Weekly Standard:

The Obama administration’s attempts to get various European nations to take dozens of Guantanamo detainees continue to be met with uneven results. Austria has now joined several other European nations, including the Czech Republic, in declining to take any Guantanamo detainees at all. “If the detainees are no longer dangerous, why don’t they stay in the U.S.,” Interior Minister Maria Fekter said during a meeting of European nations today. “For Austria, I cannot accept Guantanamo inmates.”

On the other hand, France, Spain and Portugal are on the record as saying they will take Gitmo detainees. In a meeting with President Obama last week, French President Sarkozy said that his nation would be willing to take one Algerian detainee with ties to France. The specific detainee has not been named, but press reports indicate that Lakhdar Boumediene and Sabir Mahfouz Lahmar are the two Algerians being considered.