News / USA

G8 Leaders Discuss European Debt Crisis

VOA News
Leaders of the Group of Eight (G8) leading industrialized countries are focusing on Europe's economic turmoil Saturday as they meet for the second day of their annual economic summit.
 
Hosting the summit at the Camp David presidential retreat near Washington, U.S. President Barack Obama is pressing his fellow G8 leaders from Britain, Germany, France, Italy, Japan, Canada and Russia to consider a growth agenda as they discuss how to tackle the mounting debt that has threatened the stability of the eurozone.
 
Speaking Saturday morning at the start of the first working session, President Obama said the group would seek ways to balance growth with cuts.

"All of us are absolutely committed to making sure that both growth and stability, and fiscal consolidation, are part of [an] overall package that all of us have to pursue in order to achieve the kind of prosperity for our citizens that we're looking for," Obama said.




The president said the summit participants would also spend Saturday talking about uncertainty in the energy markets and developments in the Middle East, North Africa and Afghanistan.
 
He said Friday's dinner talks gave the officials a chance to discuss core issues affecting their nations' common security.
 
Iran

On concerns about Iran's nuclear program, Obama said the G8 is firmly committed to continuing with the approach of sanctions and pressure in combination with diplomatic discussions.
 
"I want to say that we are unified when it comes to our approach with Iran," the president stressed. "I think all of us agree that Iran has the right to peaceful nuclear power, but that its continuing violations of international rules and norms and its inability thus far to convince the world community that it's not pursuing the weaponization of nuclear power is something of grave concern to all of us."
 
Syria

Regarding the ongoing violence in Syria, he said the eight world powers support the peace plan brokered by international envoy and former U.N. chief Kofi Annan, but want to see the situation improve more quickly.
 
"We all believe that a peaceful resolution and political transition in Syria is preferable. We are all deeply concerned about the violence that's taking place there and the loss of life. We are supportive of the Annan plan, but we agreed, and I expect this will be reflected in our communique, that the Annan plan has to be fully implemented and that a political process has to move forward in a more timely fashion to resolve that issue."
 
North Korea


The leaders also discussed North Korea, with Obama saying they all agree the North Koreans are violating their international obligations and that they will not be able to rejoin the international community if they continue with the "provocative actions" he said they have shown over the last several months.
 
Other topics of discussion included Burma's political transformation and the issue of women's empowerment.
 
President Obama described the conversation as "fruitful," "frank" and "useful" and said it gives him great optimism about the G8's ability to meet these challenges.
 
Greece

The G8 leaders are expected to focus their economic discussions on debt-ridden Greece, which could abandon the euro to escape austerity measures.
 
At a Friday news conference, European Commission President Jose Manuel Barroso said it is important for Greece and other eurozone members to respect commitments.
 
"I would like to reaffirm very clearly that we want Greece to stay in the euro area<" Barroso said.  "Greece is part of the European family, and part of the euro project, and the European Union, I am sure will do all it takes to ensure it."
 
The Camp David summit is part of four days of diplomacy for President Obama who departs, late Saturday, to a NATO summit in Chicago. NATO officials will focus on the war in Afghanistan.

You May Like

Multimedia Obama, Modi Break Nuclear Deal Deadlock

Impasse over liability issues had been stalling bilateral civilian nuclear cooperation; deal reached at start of US president's three-day visit to India More

WHO's Late Efforts in Tackling Ebola Highlight Need for Reform

Health experts debate measures to reform agency’s response to global public health emergencies in special one-day session on deadly outbreak More

One Tumultuous Year in Power for CAR's President

As sectarian violence raged across Central African Republic, interim President Catherine Samba-Panza has Herculean task: to end civil war and put country back on right track 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.
Worldwide Photo Workshops Empower Youthi
X
Julie Taboh
January 23, 2015 11:08 PM
Last September, 20 young adults from South Sudan took part in a National Geographic Photo Camp. They are among hundreds of students from around the world who have learned how to use a camera to tell the stories of the people in their communities through the powerful medium of photography. Three camp participants talked about their experiences recently on a visit to Washington. VOA’s Julie Taboh reports.
Video

Video Worldwide Photo Workshops Empower Youth

Last September, 20 young adults from South Sudan took part in a National Geographic Photo Camp. They are among hundreds of students from around the world who have learned how to use a camera to tell the stories of the people in their communities through the powerful medium of photography. Three camp participants talked about their experiences recently on a visit to Washington. VOA’s Julie Taboh reports.
Video

Video US, Japan Offer Lessons as Eurozone Launches Huge Stimulus

The Euro currency has fallen sharply after the European Central Bank announced a bigger-than-expected $67 billion-a-month quantitative easing program Thursday - commonly seen as a form of printing new money. Henry Ridgwell reports for VOA from London on whether the move might rescue the eurozone economy -- and what lessons have been learned from similar programs around the world.
Video

Video Nigerian Elections Pose Concern of Potential Conflict in 'Middle Belt'

Nigeria’s north-central state of Kaduna has long been the site of fighting between Muslims and Christians as well as between people of different ethnic groups. As the February elections approach, community and religious leaders are making plans they hope will keep the streets calm after results are announced. Chris Stein reports from the state capital, Kaduna.
Video

Video As Viewership Drops, Obama Puts His Message on YouTube

Ratings reports show President Obama’s State of the Union address this week drew the lowest number of viewers for this annual speech in 15 years. White House officials anticipated this, and the president has decided to take a non-traditional approach to getting his message out. VOA White House correspondent Luis Ramirez reports.
Video

Video S. Korean Businesses Want to End Trade Restrictions With North

Business leaders in South Korea are calling for President Park Geun-hye to ease trade restrictions with North Korea that were put in place in 2010 after the sinking of a South Korean warship.Pro-business groups argue that expanding trade and investment is not only good for business, it is also good for long-term regional peace and security. VOA’s Brian Padden reports.
Video

Video US Marching Bands Grow Into a Show of Their Own

The 2014 Super Bowl halftime show was the most-watched in history - attracting an estimated 115 million viewers. That event featured pop star Bruno Mars. But the halftime show tradition started with marching bands, which still dominate the entertainment at U.S. high school and college American football games. But as Enming Liu reports in this story narrated by Adrianna Zhang, marching bands have grown into a show of their own.
Video

Video Secular, Religious Kurds Face Off in Southeast Turkey

Turkey’s predominantly Kurdish southeast has been rocked by violence between religious and secular Kurds. Dorian Jones reports on the reasons behind the stand-off from the region's main city of Diyarbakir, which suffered the bloodiest fighting.
Video

Video Kenya: Misuse of Antibiotics Leading to Resistance by Immune System

In Kenya, the rise of drug resistant bacteria could reverse the gains made by medical science over diseases that were once treatable. Kenyans could be at risk of fatalities as a result if the power in antibiotics is not preserved. Lenny Ruvaga has more on the story from Nairobi.
Video

Video Solar-Powered Plane Getting Ready to Circumnavigate Globe

Pilots of the solar plane that already set records flying without a drop of fuel are close to making their first attempt to fly the craft around the globe. They plan to do it in 25 flying days over a five month period. VOA’s George Putic reports.
Video

Video How Experts Decide Ethiopia Has the Best Coffee

Ethiopia’s coffee has been ranked as the best in the world by an international group of coffee connoisseurs. Not surprisingly, coffee is a top export for the country. But at home it is a source of pride. Marthe van der Wolf in Addis Ababa decided to find out what makes the bean and brew so special and how experts make their determinations.
Video

Video Yazidi Refugees at Center of Political Fight Between Turkey, Kurds

The treatment of thousands of Yazidis refugees who fled to Turkey to escape attacks by Islamic State militants has become the center of a dispute between the Turkish government and the country's pro-Kurdish movement. VOA's Dorian Jones reports.
Video

Video World’s Richest 1% Forecast to Own More Than Half of Global Wealth

The combined wealth of the world's richest 1 percent will overtake that of the remaining 99 percent at some point in 2016, according to the anti-poverty charity Oxfam. Campaigners are demanding that policymakers take action to address the widening gap between the ‘haves’ and the ‘have nots’, as Henry Ridgwell reports for VOA from London.

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More

All About America

AppleAndroid