UPDATED- G20: A U.S. Bailout for Europe, No Strings Attached?
From STRATFOR‘s latest:
[W]hat could be perceived as a massive U.S. donation to the IMF would resonate politically in the United States. The American political system has become increasingly sensitive to the size of the debt being incurred by the Obama administration. A loan at this time to bail out other countries would not sit well, especially when critics would point out that some of the money will be going to bail out European banks in Central Europe.
Obama will need something in return from the Europeans…But there is almost no chance of Germany or France sending more troops, as public opinion in those countries is set against it and they have vastly limited military resources.
Give it a read. How Turkey comes into the picture is particularly interesting.
UPDATE: Telling it like it is: How do you say “mooch” in German? (via Instapundit)
