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America's Debt Crisis Why Europe Is Right and Obama Is Wrong

US President Barack Obama has recently suggested that Europe must take on more debt to stimulate the economy. Such reliance on cheap money, though, is what got us into the current crisis in the first place -- both in Europe and in the US. America's problem isn't too little money. It's a lack of competitive products.
US President Barack Obama has suggested that Europe should expand economic stimulus.

US President Barack Obama has suggested that Europe should expand economic stimulus.

REUTERS
Translated from the German by Christopher Sultan