News / Europe

G20 Hopes to Move Beyond Greek Crisis

Presidents Nicolas Sarkozy (r) and Barack Obama during the G20 Summit in Cannes, Nov.3, 2011.
Presidents Nicolas Sarkozy (r) and Barack Obama during the G20 Summit in Cannes, Nov.3, 2011.
Kent Klein

After the Greek political crisis dominated the first day of the G20 economic summit, the second and final day is expected to focus largely on the health of the global economy.  Large industrial countries gathered in Cannes expressed relief at Greece's decision to scrap a referendum on a European bailout plan.

Greek Prime Minister George Papandreou announced Thursday he would not follow through on his proposal to ask voters whether they would approve Europe's plan to rescue Greece's economy.

If the deal had been voted down, Greece might have been forced out of the 17-nation euro bloc, and the country could have defaulted on its debts to banks.  The Papandreou government could have fallen as well.

Now the G20 leaders will focus on the original intent of the Cannes summit -strengthening the global economy.  The summit host, French President Nicolas Sarkozy, said extra meetings would be held late Thursday to look for solutions to Europe's debt crisis.

Shortly after he arrived in France, President Barack Obama held private meetings with Mr. Sarkozy and German Chancellor Angela Merkel, who led the effort to keep Greece's debt from spreading through Europe.

After meeting with his French counterpart, Mr. Obama said his top priority for the summit was to help Europe push ahead with its recent deal to help Greece.

“The most important aspect of our task over the next two days is to resolve the financial crisis here in Europe," said President Obama. "President Sarkozy has shown extraordinary leadership on this issue.  I agree with him that the EU has made some important steps towards a comprehensive solution.”

Ben Rhodes, a deputy national security adviser to President Obama, told reporters the goal is a cohesive plan for putting the bailout into practice.

“While there has been substantial progress, both he and, I think, Europe's leaders would acknowledge that more work needs to be done, because this needs to be implemented in a decisive way, in a clear way, in order to move beyond the current situation of crisis," said Rhodes.

G20 leaders will hold more meetings Friday on Europe's economy and the global economy. 
Before returning to Washington, Mr. Obama will join Mr. Sarkozy in honoring the U.S.-French alliance and military members who took part in the French-led mission in Libya.

“Finally, I am looking forward to joining Nicolas and service members from both of our countries tomorrow, to celebrate the alliance between our two countries, which spans more than 200 years, from Yorktown to Libya," said Obama.

Mr. Obama will also meet one-on-one with the President of Argentina, Cristina Fernandez de Kirchner.

You May Like

French Refugee Drama Wins Cannes Top Prize

Dheepan is about a group of Sri Lankan refugees who pretend to be a family in order to flee their war-torn country for a housing project in France More

Photogallery Crisis in Macedonia Requires Meaningful and Swift Measures

The international community has called on Macedonian leadership to take concrete measures in support of democracy in order to exit the crisis More

Activists: IS Executes 217 Civilians, Soldiers Near Palmyra

British-based Syrian Observatory for Human Rights on Sunday said the victims include nurses, women, children and Syrian government fighters More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Turkey's Main Opposition Party Hopes for Election Breakthroughi
X
May 22, 2015 10:23 AM
Turkey’s main opposition Republican People’s Party has sought an image change ahead of the June 7 general election. The move comes after suffering successive defeats at the hands of the Islamist-rooted AK Party, which has portrayed it as hostile to religion. Dorian Jones reports from the western city of Izmir.
Video

Video Turkey's Main Opposition Party Hopes for Election Breakthrough

Turkey’s main opposition Republican People’s Party has sought an image change ahead of the June 7 general election. The move comes after suffering successive defeats at the hands of the Islamist-rooted AK Party, which has portrayed it as hostile to religion. Dorian Jones reports from the western city of Izmir.
Video

Video Europe Follows US Lead in Tackling ‘Conflict Minerals’

Metals mined from conflict zones in places like the Democratic Republic of Congo are often sold by warlords to buy weapons. This week European lawmakers voted to force manufacturers to prove that their supply chains are not inadvertently fueling conflicts and human rights abuses. Henry Ridgwell reports from London.
Video

Video Class Tackles Questions of Race, Discrimination

Unrest in some U.S. cities is more than just a trending news item at Ladue Middle School in St. Louis, Missouri. As VOA’s Kane Farabaugh reports, it’s a focus of a multicultural studies class engaging students in wide-ranging discussions about racial tensions and police aggression.
Video

Video Mind-Controlled Prosthetics Are Getting Closer

Scientists and engineers are making substantial advances towards the ultimate goal in prosthetics – creation of limbs that can be controlled by the wearer’s mind. Thanks to sophisticated sensors capable of picking up the brain’s signals, an amputee in Iceland is literally bringing us one step closer to that goal. VOA’s George Putic reports.
Video

Video Afghan Economy Sinks As Foreign Troops Depart

As international troops prepare to leave Afghanistan, and many foreign aid groups follow, Afghans are grappling with how the exodus will affect the country's fragile economy. Ayesha Tanzeem reports from the Afghan capital, Kabul.
Video

Video Poverty, Ignorance Force Underage Girls Into Marriage

The recent marriage of a 17-year old Chechen girl to a local police chief who was 30 years older and already had a wife caused an outcry in Russia and beyond. The bride was reportedly forced to marry and her parents were intimidated into giving their consent. The union spotlighted yet again the plight of many underage girls in developing countries. Zlatica Hoke reports poverty, ignorance and fear are behind the practice, especially in Asia and Africa.
Video

Video South Korea Marks Gwangju Uprising Anniversary

South Korea this week marked the 35th anniversary of a protest that turned deadly. The Gwangju Uprising is credited with starting the country’s democratic revolution after it was violently quelled by South Korea’s former military rulers. But as Jason Strother reports, some observers worry that democracy has recently been eroded.
Video

Video California’s Water System Not Created To Handle Current Drought

The drought in California is moving into its fourth year. While the state's governor is mandating a reduction in urban water use, most of the water used in California is for agriculture. But both city dwellers and farmers are feeling the impact of the drought. Some experts say the state’s water system was not created to handle long periods of drought. Elizabeth Lee reports from Ventura County, an agricultural region just northwest of Los Angeles.
Video

Video How to Clone a Mammoth: The Science of De-Extinction

An international team of scientists has sequenced the complete genome of the woolly mammoth. Led by the Swedish Museum of Natural History in Stockholm, the work opens the door to recreate the huge herbivore, which last roamed the Earth 4,000 years ago. VOA’s Rosanne Skirble considers the science of de-extinction and its place on the planet
Video

Video Blind Boy Defines His Life with Music

Cole Moran was born blind. He also has cognitive delays and other birth defects. He has to learn everything by ear. Nevertheless, the 12-year-old has had an insatiable love for music since he was born. VOA’s June Soh introduces us to the young phenomenal harmonica player.

VOA Blogs