Submitted by RobertBrusca on 05/20/2012 13:19 -0400
European Central Bank
Eurozone
Fail
Germany
Global Economy
Greece
Group of Eight
recovery
Rewriting the Camp David Declaration
– or what they couldn’t say and why they said what they did
Preamble
1. We, the Leaders of the Group of Eight, met at Camp David on May 18 and 19, 2012 to address major global economic and political challenges (and to get out of our countries for a few days where things are getting downright oppressive).
The Global Economy
2. Our imperative is to promote growth and jobs, but we are failing miserably and do not have a clue what to do…
3. The global economic recovery shows few signs of promise, significant headwinds persist and we have not agreements on key areas of need. Each day the ECB gets more overextended and is without a plan. Below we offer up some nice sounding verbiage that won’t do a thing…
4. Against this background, we commit to take all necessary steps to strengthen and reinvigorate our economies and combat financial stresses, recognizing that the right measures are not the same for each of us and that each of us is likely to fail do exactly what is needed. Germany is more likely to be too austere; Greece is more likely to be too slow to implement any meaningful reforms. Political impasse in Greece continues to point a loaded gun at the head of the euro-or would do so if the euro had a head. Instead the gun is pointed at its financial groin.
5. We welcome the ongoing discussion
http://www.zerohedge.com/contributed/2012-20-20/hilarious-g-8-declaration-decoded
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 
