Massive US crisis intervention attacked by Czech Prime Minister

Prime Minister Mirek Topolánek fiercely attacked US steps to tackle the economic crisis saying it was not on the right path and its chosen course was “a way to hell.” Mr Topolánek said the huge cash injections planned were a repeat of the mistakes made in the 1930’s and had been discredited by history. The US has been trying to drum up support for greater coordinated global intervention to boost the sluggish world economy. EU countries have already shown their unwillingness to match Washington’s massive spending after they earmarked 400 billion euros to kick start growth. The issue is likely to be high on the agenda of the G20 meeting of the most developed countries in London next week.