The debt ceiling debate as viewed from Europe

Published on naked capitalism, July 15, 2011.

Here’s what Germany’s largest daily newspaper Bild Zeitung has to say about the politics in the US around the debt ceiling:

“Playing poker is part of politics, as is theatrical posturing. That’s fair enough. But what America is currently exhibiting is the worst kind of absurd theatrics. And the whole world is being held hostage … //

… The conservative daily Die Welt writes disparagingly: 

While Europe’s chaos is obvious,1518,774483,00.html
to the Europeans and the rest of the world, there are few signs of self-doubt or self-awareness in the US. In the middle of the poker game between the two political parties to prevent a national default on Aug. 2, polls show that 77 percent of Americans believe that they live in the world’s greatest system of government. Just as many are convinced that life is only worth living as an American.

A lot more of that from other German dailies here: The US Is Holding the Whole World Hostage.
– Spiegel … (full text).

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