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9/13/11

Look who is calling the kettle black: Obama calls on Europe to resolve debt problems

In a rare public expression of criticism aimed at America's transatlantic allies, US President Barack Obama has called on European leaders to develop a "more effective set of coordinated policies" to deal with the continent's sovereign debt crisis. 

"Right now you have a single currency, but you don't have a single set of economic policies, and that's created great difficulty," Obama said in reference to the eurozone. "It's difficult to coordinate when you have that many countries with different politics and different economic situations trying to agree on a common course."

Speaking to a group of Hispanic journalists at the White House on Monday, Obama said Greece was "obviously the biggest immediate problem" and that the government there was "taking some steps to slow the crisis but not solve the crisis."

For more: Obama calls on Europe to resolve debt problems | Europe | Deutsche Welle | 13.09.2011

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