"EU President: US economic plan 'path to hell" from CNN reports that Czech Prime Minister and EU President Mirek Topolanek sounded warning shots about the Obama administration's solutions for the US recession.
The huge financial injections into the economy are a repetition of mistakes from the Depression era of the 1930s, Prime Minister Mirek Topolanek told the European Parliament in Strasbourg, France, the official Czech news agency reported.
He said "panic" surged in the European Union because of some of the U.S. measures, the news agency reported.
The U.S. plan, which U.S. Treasury Secretary Timothy Geithner announced this week, has already come under criticism for its hefty price.
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