US Doesn't Understand EU Crisis

President Obama has hosted this year's EU-US Summit at the White House. There are rumors of an IMF monster sized loan to Italy to the tune of almost $800 billion, but that amount of money would require the US congress to step in, and it might not even be enough. Also a new Bloomberg report that discloses $7.7 trillion in secret loans the Fed gave out to major US banks, shows signs that we are not prepared for another financial collapse here in the US. Bertelsmann Foundation's Tyson Barker discusses.

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[Shonenut213]

Most Americans don't care about what happens in other countries.

[Magenta408]

Many countries such as China, Korea and Canada give substantial amounts to the IMF. This proposed IMF bailout would be at the expense of these countries and this anything but welcome news. Why should we pay for EU mismanagement. The IMF and the big banks just have to go!

[Rasgonras]

Perhaps y'all should know that the true power does not lay on some eu-president but on the chiefs of the individual states, especially France, Germany and GB

[paulcoonan]

I think this has left me more confused as to the role and position of the IMF that what I thought I knew. Is the US the ultimate controller of the IMF?

[unamaxify]

lets not forget that it was the American housing bubble that burst (Lehman Brothers) that caused this hole depression. If Italy goes down & chokes the world economy it will still be the fault of the USA: It was their rampant & reckless deregulation that was the initial trigger of the current economic shit-storm we all currently sit in. & don't you ever forget that!

America : its time to slash the military budget, get rid of the political corruption take some responsibility.

[sensur1]

@fabricola

Dont worry, when i retire i will move to Spain and live in a lavish villa thanks to norwegian welfare and pension funds :) Its good to enjoy those benefits when we have a 525 billion $ in surplus while Spain at the moment needs atleast 65 billion EUR just to recapitalise your banks. Lets just hope that as a spaniard, you can still retire at age 65 and have a decent pension fund to live on. This EU crisis may come after your well deserved rights you know.

[fabricola]

@sensur1 And I´m so glad that here in Spain we have a nice temperature, beautiful beaches, and hot women. Keep your cold country for yourself.

[sensur1]

I'm so glad that Norway is not a part of the EU.

[kelzarren123]

@bamboo4tameshigiri Didn't know that. That is pretty cool.

[tratorta]

I don't think it's a fatass american privilege not to know shit about the world, but this is quite simple.

A bunch of zionist retarded bankers wanna destroy the economy and create one single world currency and dominate once and for all.