Tuesday, August 2, 2011

World press reaction to US debt vote

From the BBC here.
Moskovskiye Novosti: "America has changed its mind about having a Judgment Day... But the obvious inability to reach an agreement that was demonstrated by political forces in the US has had an equally damaging effect on the country... The image of the country as a responsible borrower has suffered most." (Article by Denis Voroshilov and Igor Kryuchkov) . . .

Sueddeutsche Zeitung: "State bankruptcy has been avoided, but the compromise announced by US President Barack Obama is flawed from an economic point of view. It does not resolve any of the real budgetary problems and some of its elements are even harmful to the economy." (Commentary by Nikolaus Piper) . . .

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