News / Europe

    Clinton Says US Economic Recovery Needs Europe at 'Full Speed'

    U.S. Secretary of State Hillary Clinton speaks at an event in Copenhagen, May 31, 2012. U.S. Secretary of State Hillary Clinton speaks at an event in Copenhagen, May 31, 2012.
    x
    U.S. Secretary of State Hillary Clinton speaks at an event in Copenhagen, May 31, 2012.
    U.S. Secretary of State Hillary Clinton speaks at an event in Copenhagen, May 31, 2012.

    STOCKHOLM - Secretary of State Hillary Clinton says the United States needs a strong recovery in Europe to help right its own economy.

     

    Given the long-standing importance of cross-Atlantic trade, Clinton says the health of the U.S. economy is tied in part to how Europe manages its debt crisis. "In order to fully recover from the economic downturns of the last years, Europe has to be strong and operating at full speed once again. So we support the need for changes to be made in order to improve Europe's competitiveness," she said. 

     

    Following talks with Swedish Prime Minister Fredrik Reinfeldt, Clinton said Washington will do everything it can to support changes among the 17 countries in the eurozone, but the tough decisions themselves are up to Europeans.

     

    Prime Minister Reinfeldt cautioned against calls by some Europeans for stimulus spending to offset unpopular austerity, noting the sound public finances and better growth of many northern European nations after more than 20 years of structural reforms.

     

    "At the same time, we talk sometimes about the troubled situation in part of central and southern Europe as if it was only related to a demand problem. But to me it is also deeply rooted in challenges relating to an ongoing financial crisis in part of Europe, a debt crisis that is of course a consequence of poor public finances, and still also problems with competitiveness," he said. 

     

    Unemployment in the eurozone is at 11 percent, the highest level since records were first kept in 1995.

     

    Analysts said the eurozone's stagnant economy could push the unemployment rate even higher in the months to come. The currency union has struggled to boost economic growth while coping with a governmental debt crisis that is now in its third year.

     

    The eurozone is in a sharp political debate over how to boost economic growth even as governments seek to rein in deficit spending. The call by new French President Francois Hollande for policies to foster more job creation collides with austerity measures pushed by German Chancellor Angela Merkel.

     

    At the same time, Spain is struggling to finance a takeover of debt-ridden banks while Greek voters go to the polls this month for parliamentary elections that could help decide whether the country remains in the eurozone or becomes the first to leave it.

    You May Like

    Post-White House, Obamas to Rent Washington Mansion

    Nine-bedroom home is 3 kilometers from Oval Office, near capital's Embassy Row; rent estimated at around $22,000 a month

    Red Planet? Not so much!

    New research suggest that Mars is in a warm period between cyclical ice ages, and that during Ice Age Maximum over 500,000 years ago, the red planet was decidedly ice, and much whiter to the naked eye.

    Taj Mahal Battles New Threat from Insects

    Swarms of insects are proliferating in the heavily contaminated waters of the Yamuna River, which flows behind the 17th century monument

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Vietnamese-American Youth Optimistic About Obama's Visit to Vietnami
    X
    Elizabeth Lee
    May 22, 2016 6:04 AM
    U.S. President Barack Obama's visit to Vietnam later this month comes at a time when Vietnam is seeking stronger ties with the United States. Many Vietnamese Americans, especially the younger generation, are optimistic Obama’s trip will help further reconciliation between the two former foes. Elizabeth Lee has more from the community called "Little Saigon" located south of Los Angeles.
    Video

    Video Vietnamese-American Youth Optimistic About Obama's Visit to Vietnam

    U.S. President Barack Obama's visit to Vietnam later this month comes at a time when Vietnam is seeking stronger ties with the United States. Many Vietnamese Americans, especially the younger generation, are optimistic Obama’s trip will help further reconciliation between the two former foes. Elizabeth Lee has more from the community called "Little Saigon" located south of Los Angeles.
    Video

    Video First-generation, Afghan-American Student Sets Sights on Basketball Glory

    Their parents are immigrants to the United States. They are kids who live between two worlds -- their parents' homeland and the U.S. For many of them, they feel most "American" at school. It can be tricky balancing both worlds. In this report, produced by Beth Mendelson, Arash Arabasadi tells us about one Afghan-American student who seems to be coping -- one shot at a time.
    Video

    Video Newest US Citizens, Writing the Next Great Chapter

    While universities across the United States honor their newest graduates this Friday, many immigrants in downtown Manhattan are celebrating, too. One hundred of them, representing 31 countries across four continents, graduated as U.S. citizens, joining the ranks of 680,000 others every year in New York and cities around the country.
    Video

    Video Vietnam Sees Strong Economic Growth Despite Incomplete Reforms

    Vietnam has transformed its communist economy to become one of the world's fastest-growing nations. While the reforms are incomplete, multinational corporations see a profitable future in Vietnam and have made major investments -- as VOA's Jim Randle reports.
    Video

    Video Qatar Denies World Cup Corruption

    The head of Qatar’s organizing committee for the 2022 World Cup insists his country's bid to host the soccer tournament was completely clean, despite the corruption scandals that have rocked the sport’s governing body, FIFA. Hassan Al-Thawadi also said new laws would offer protection to migrants working on World Cup construction projects. VOA's Henry Ridgwell reports.
    Video

    Video Infrastructure Funding Puts Cambodia on Front Line of International Politics

    When leaders of the world’s seven most developed economies meet in Japan next week, demands for infrastructure investment world wide will be high on the agenda. Japanese Prime Minister Shinzo Abe’s push for “quality infrastructure investment” throughout Asia has been widely viewed as a counter to the rise of Chinese investment flooding into region.
    Video

    Video Democrats Fear Party Unity a Casualty in Clinton-Sanders Battle

    Democratic presidential front-runner Hillary Clinton claimed a narrow victory in Tuesday's Kentucky primary even as rival Bernie Sanders won in Oregon. Tensions between the two campaigns are rising, prompting fears that the party will have a difficult time unifying to face the presumptive Republican nominee, Donald Trump. VOA national correspondent Jim Malone has more from Washington.
    Video

    Video Portrait of a Transgender Marriage: Husband and Wife Navigate New Roles

    As controversy continues in North Carolina over the use of public bathrooms by transgender individuals, personal struggles with gender identity that were once secret are now coming to light. VOA’s Tina Trinh explored the ramifications for one couple as part of trans.formation, a series of stories on transgender issues.
    Video

    Video Amerikan Hero Flips Stereotype of Middle Eastern Character

    An Iranian American comedian is hoping to connect with American audiences through a film that inverts some of Hollywood's stereotypes about Middle Eastern characters. Sama Dizayee reports.
    Video

    Video Budding Young Inventors Tackle City's Problems with 3-D Printing

    Every city has problems, and local officials and politicians are often frustrated by their inability to solve them. But surprising solutions can come from unexpected places. Students in Baltimore. Maryland, took up the challenge to solve problems they identified in their city, and came up with projects and products to make a difference. VOA's June Soh has more on a digital fabrication competition primarily focused on 3-D design and printing. Carol Pearson narrates.

    Special Report

    Adrift The Invisible African Diaspora