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1/11/12

US Presidential elections: Romney: No U.S. Bailout for Europe

Republican presidential candidate Mitt Romney told an Italian newspaper that Europe must solve the euro zone debt crisis without any help from the United States.

"The U.S. must take care of its own crisis, and won't give a dollar to save Europe," Romney told La Stampa. Romney, a former Massachusetts governor, said he was aware that a collapse in Europe would have "enormous repercussions" for the world's economy and that it was in Washington's interest to avoid it.

"But it is not our job to avoid it. Europeans have a duty to solve their crisis with the means at their disposal," he was quoted on Tuesday as saying."Germany, France, Italy all have the resources to pay back their debts, solve the confidence crisis, invest and start growing again, ideally through a real market economy."

Note EU-Digest: Obviously....the US does not even have the money to pay back their own deficit of 14 trillion dollars.

For more: Romney: No U.S. Bailout for Europe

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