On crisis, Europe to US: 'I told you so'

Europeans blame economic mess on US 'anything goes' capitalism as Iceland faces a full meltdown. By Jeffrey White | Correspondent of The Christian Science Monitor from the October 10, 2008 edition Berlin - The economic image of the United States as a high-rolling tycoon at a Vegas casino, willing to gamble and reap rewards, has always stood in stark contrast to that of the European bean counter. Now here in Europe, long a bastion of distrust toward unfettered capitalism, there's a question running underneath the financial crisis: Is the era of "anything goes" free markets over? French President Nicolas Sarkozy is refuting the infallibility of free markets. Italian Finance Minister Giulio Tremonti is touting his best-selling book, a treatise against globalization. His German counterpart, Peer Steinbrück, points a sharp finger... [read full story]                    

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