This Obama Trip to Europe Won’t Be Like the Last One …

Still LMAO about French President Nicolas Sarkozy calling the world econ-financial crisis the handiwork of “the Anglo-Saxons.”  On Monday, he had this to say according to the Times of London:

President Sarkozy yesterday threatened to wreck the London summit if France’s demands for tougher financial regulation are not met.

France will not accept a G20 that produces a “false success with language that sounds good but contains no commitments”, his advisers said.

So, the Frankish Empire is not happy, what about the Teutons?  Again, from the Times of London from Sunday:

GORDON BROWN’S carefully laid plans for a G20 deal on worldwide tax cuts have been scuppered by an eve-of-summit ambush by European leaders.

Angela Merkel, the German chancellor, last night led the assault on the prime minister’s “global new deal” for a $2 trillion-plus fiscal stimulus to end the recession.

“I will not let anyone tell me that we must spend more money,” she said.

Brown, British PM, and President Barack Obama would like to see more spending by the world’s largest governments to keep priming the pump to flush the world from this economic cycle.  Merkel and Sarkozy, not so much.  China on the other hand wants a new international currency – while those crazy Russians are calling tonight for a return to the gold standard.

Here’s what’s going to come out of this summit: Absolutely nothing new.