EU presidency: US economic plans 'a way to hell'

By JERUSALEM POST STAFF
The Czech head of the European Union presidency says the US economic rescue plans are "a way to hell." Prime Minister Mirek Topolanek says the Obama administration's stimulus package and financial bailout "will undermine the stability of the global financial market." One day after he offered the resignation of his government, Topolanek took the EU presidency on a collision course with Washington over the economic options to solve the world economic crisis. Many EU nations favor regulation over more bailout efforts. Wednesday's comments, made at the European legislature, come after British Prime Minister Gordon Brown called for more trans-Atlantic cooperation, lauding US President Barack Obama for his willingness to cooperate.