(Image source: Flickr/ePsos.de)
BY UNA LUE
ANCHOR ANA COMPAIN-ROMERO
You're watching multisource politics news analysis from Newsy.
It all came down the very last minute.
The U.S. averts -- a debt-crisis.
And while some cheer -- there’s a resounding chorus of boos -- from across the world.
Russian Prime Minister Vladimir Putin, opened up first, calling the U.S. a quote- “parasite” on the world economy. Politico has his quote....
"The country is living in debt. It is not living within its means, shifting the weight of responsibility on other countries and in a way acting as a parasite."
Russia’s RT -- was quick to back up Putin, perhaps not surprisingly -- with its own criticism of the U.S. crisis.
“The ruling elite in US... will organize, or organize or refuse to organize the dispute of the debt from Wall Street, from the casino financial system in the US. …China for instance can not have a financial system as a casino style market or a Martin Scorsese-style economy -- as US -- or the whole world the economy would implode. “
China’s People Daily accuses the US of kidnapping the global financial system. On China’s Phoenix TV, an analyst advises the Chinese government -- to put its eggs in different baskets.
Translation: “Though the debt bomb is removed, we should think about our long-run economy development. It’s time to review our investment, it is too risky to buy massive amount of the US debt. China should find a way out from US Dollar dominance system. “
Diversification may be a good idea -- but where? The head of leading global reinsurer Munich Re: says safe investments no longer exist -- and some investors seem to agree. European stock markets were broadly lower on Tuesday, falling to nine-month lows. (Video: euronews)
Finally, The Economist warns, the thing most critically damaged in the debt ceiling debate was confidence in U.S. leadership. Comparing it -- to another economy which faltered -- and has not recovered.
“Two decades ago, Japan’s economic bubble popped; since then its leaders have procrastinated and postured. The years of political paralysis have done Japan more harm than the economic excesses of the 1980s. If something similar were to happen to its fellow democracies in Europe and America, the consequences would be far larger.”
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