Europe Rejects U.S. Appeals To Spend More
The Obama administration has been urging European governments to pump more money into their economies to combat the global economic crisis. On Tuesday, a top European finance official said Eurozone finance ministers agree that these American appeals are "not to our liking." He said there are no plans for more stimulus measures.
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NPR's business news starts with European leaders saying enough.
The Obama administration has been urging European governments to pump more money into their economies to fight the global economic crisis. Today a top European finance official said Eurozone finance ministers have agreed on a response. They agree the American appeals were, quote, "not to our liking." He said there are no plans for more stimulus measures. European governments have passed various plans. But ministers there are reportedly worried about building up too much government debt.
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