Obama to press European leaders over debt crisis

May 19 2013

President Obama speaks speaks at a reception to observe LGBT Pride Month at White HousePresident Barack Obama will press European leaders this week to resolve their debt crisis but the United States does not expect much progress before the end of the month, a White House adviser said on Sunday. Obama will participate in a two-day summit of Group of 20 leaders that starts in Mexico on Monday. He has called on European leaders to recapitalize weak banks and to focus on economic growth and not just budget austerity. "We're going to continue to make the case," David Plouffe, a senior Obama adviser, told U.S. broadcaster ABC's program "This Week. …

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    Originally posted 2012-06-18 05:42:02. Republished by Blog Post Promoter

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