The Hill News

I had lunch yesterday with a European diplomat, and naturally the conversation turned to the debt crisis. Her mortgage back home has gone up by a third, and who does she blame? America. People in this town have short memories, she complained. Who tipped the rest of the world into recession in 2008 over the toxic loans? As a direct result, the U.K. has embarked on massive spending cuts that are throwing people out of jobs every day. And let’s not even mention Greece, whose profligate ways have threatened the very existence of the euro.

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