BBC: European Commission President Jose Manuel Barroso has mounted a strong defence of the EU's handling of the financial crisis.
He told world leaders at a G20 summit in Mexico "we have not come here to receive lessons", and pointed out that the financial global crisis "was not originated in Europe". Watch BBC video » | Tuesday, June 19, 2012
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José Manuel Barroso was quite right to tell those assembled at the G20 that the EU wasn't there to take lessons from them on how to manage the economy. This financial crisis was caused by the reckless bankers, not the EU. Further, the Americans can teach nobody how to manage the economy: they can't manage even their own economy. It's in a parlous state. So just who is there in the G20 to give Barroso or the EU lessons in economics, or management of the economy? And as for Obama, he couldn't manage the accounts of a McDonald's outlet, still less an economy. If the US economy were managed as well as the German economy, the country would be in fine shape.– © Mark
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