{"id":115796,"date":"2022-10-10T12:32:55","date_gmt":"2022-10-10T16:32:55","guid":{"rendered":"http:\/\/kendallharmon.net\/?p=115796"},"modified":"2022-10-10T16:55:41","modified_gmt":"2022-10-10T20:55:41","slug":"ft-fed-led-dash-for-higher-rates-risks-world-recession-warns-top-eu-diplomat","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=115796","title":{"rendered":"(FT) Fed-led dash for higher rates risks \u2018world recession\u2019, warns top EU diplomat"},"content":{"rendered":"<p>[Josep] Borrell, speaking at an annual conference of EU ambassadors, admitted that Brussels was \u201cquite reluctant\u201d to believe US warnings that Russia was going to invade Ukraine in February and had failed to analyse Russian president Vladimir Putin\u2019s actions.<\/p>\n<p>\u201cWe didn\u2019t believe it will happen\u2009.\u2009.\u2009.\u2009And we haven\u2019t foreseen neither the capacity of Putin to escalate,\u201d he said.<\/p>\n<p>Borrell added Brussels failed to understand what other countries wanted, and instead pushed its own ideas on them.<\/p>\n<p>\u201cWe think that we know better what is in other people\u2019s interests,\u201d he said. \u201cWe have to listen more\u2009.\u2009.\u2009. to the rest of the world. We need to have more empathy.<\/p>\n<p>\u201cWe try to export our model, but we don\u2019t think how others will perceive this,\u201d he added.<\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/0619b1e6-6afb-4705-9f4a-133102520d49\">Read it all<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The Federal Reserve is risking a \u2018world recession\u2019 by forcing the world into a dash to raise rates, warns EU\u2019s top diplomat in unguarded critique of US monetary policy <a href=\"https:\/\/t.co\/jXmo4V4L2F\">https:\/\/t.co\/jXmo4V4L2F<\/a> <a href=\"https:\/\/twitter.com\/FinancialTimes?ref_src=twsrc%5Etfw\">@FinancialTimes<\/a> w <a href=\"https:\/\/twitter.com\/Sam1Fleming?ref_src=twsrc%5Etfw\">@Sam1Fleming<\/a> <a href=\"https:\/\/twitter.com\/colbyLsmith?ref_src=twsrc%5Etfw\">@colbyLsmith<\/a><\/p>\n<p>&mdash; Henry Foy (@HenryJFoy) <a href=\"https:\/\/twitter.com\/HenryJFoy\/status\/1579484186838454278?ref_src=twsrc%5Etfw\">October 10, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Josep] Borrell, speaking at an annual conference of EU ambassadors, admitted that Brussels was \u201cquite reluctant\u201d to believe US warnings that Russia was going to invade Ukraine in February and had failed to analyse Russian president Vladimir Putin\u2019s actions. \u201cWe<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=115796\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,671,144,119,151],"tags":[],"class_list":["post-115796","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-federal-reserve","category-foreign-relations","category-globalization","category-politics-in-general"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/115796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115796"}],"version-history":[{"count":3,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/115796\/revisions"}],"predecessor-version":[{"id":115799,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/115796\/revisions\/115799"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}