Obama urges action from Europe
Obama met French President Nicolas Sarkozy and British Prime Minister David Cameron on the sidelines of the UN General Assembly in New York and spoke to German Chancellor Angela Merkel by telephone Monday. - Obama urges action from Europe
"He reiterated that he believed that the (European) have the necessary tools to deal with the problems facing them and he encouraged them to take strong and decisive action to do so," said spokesman Jay Carney on Air Force One. - Obama urges action from Europe
There is increasing concern in the United States that Europe could trigger a debt difficulties broader economic crisis that could reach the U.S. coast, infect the global financial system, and push the American economy back into recession. - Obama urges action from Europe
Obama urges action from Europe
Carney described the attitude of Obama seems to hint at a little more robust U.S. line on the crisis, following the repeated insistence of the government to act "together" to overcome the debt crisis in Europe.On Wednesday, a U.S. official who spoke on condition of anonymity, said European finance officials need to work more closely. - Obama urges action from Europe
The official said the United States believes Europe has the necessary resources to overcome the crisis snowballs that spilled from Greece, Ireland, and Portugal. - Obama urges action from Europe
But, the official said, "the challenges they have before they are quite clear: it can be explicitly ensure that the government with sound fiscal plan to have access to affordable financing." - Obama urges action from Europe
"It was clearly to ensure that European banks have the liquidity necessary and sufficient kapitalisai." (A026)
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