Recently, the prime minister of (insert European country here) has told the United states that they will not help out the bailout of the corporations that are failing. Many people in the U.S are asking, "Why? Don't they care about the corporations and banks that run the world's economy?" the answer is a flat "No." and here's why.
When you look at all of the corporations and banks that are being bailed out in this mess one can not help but notice that they are nearly all American corporations. During Bush's years Europe learned to detach itself from America's senseless spending and starting of war. Many of the policies that drove the world economy into our current recession are viewed as American and are unpopular. This was coupled by a falling American worldview.
"The annual survey, taken by the highly regarded German Marshall Fund of the United States, shows that 77 percent of Europeans disapprove of the way Bush has handled international affairs, as compared with 56 percent who felt that way in GMF's "Transatlantic Trends" survey in 2002."
~Washington Post
The truth of the matter is that Europe sees this financial explosion to be the U.S's doing, and they are right. Very few companies in Europe became involved in dealing mortgage-backed securities and largely avoided this mess. It is this combination of disapproval of America's image and the view that this crisis is largely a product of American corporate greed that many European countries do not feel compelled to help us bail them out.
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