That Obama failure, according to European media accounts, is rooted in the President’s shocking lack of style, substance and commanding presence, a critique shared across both sides of the European media’s political spectrum.
Romney certainly didn’t endear himself to EU leaders, in particular the Spanish, when he singled Spain out in the presidential debate as the poster child for the euro-debt crisis, when he said, “Spain spends 42 percent of its total economy on government. We’re now spending 42 percent of our economy on government. I don’t want to go down the path to Spain.”
Moreover, it’s understandable why Romney wouldn’t want the United States to go down the same path as the EU, drowning in a sea of debt by giving unsustainable bailouts to welfare-state nations, such as Spain and Greece, in order to prevent them from going bankrupt.
One EU official was even more direct when he revealed, “The Obama administration doesn’t want anything on a macroeconomic scale that is going to rock the global economy before November 6.”
To that end, Greece, which has been dependent since 2010 on billions of euro rescue loan packages as well as largesse from and the International Monetary Fund, now has a reported debt of $25 billion, double what that nation had previously claimed.
The European Commission wants a final decision on the next Greek bailout to take place at the next EU summit in mid-October, while Germany insists that it can’t be done until sometime in November — after the US Presidential election.
Yet, regardless of who wins that election, it’s unlikely that the EU will hold any longstanding objection to a Romney presidency.
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