News / Europe

Greek Crisis Dominates G20 Talks

U.S. President Barack Obama and German Chancellor Angela Merkel talk at the G20 summit in Cannes, France, November 3, 2011
U.S. President Barack Obama and German Chancellor Angela Merkel talk at the G20 summit in Cannes, France, November 3, 2011

White House officials say Europe's agreed plan for solving its debt problem should stay on track, regardless of the political turmoil in Greece.  President Barack Obama has been meeting with European leaders to look for ways to solve the financial crisis at the G20 summit in the French resort city of Cannes.

Obama's meetings on the situation began almost immediately after he arrived in France.

The president talked with French President Nicolas Sarkozy and German Chancellor Angela Merkel about ways to prevent the Greek debt crisis from spreading to the entire continent.

Despite reports Thursday of turmoil in Greek Prime Minister George Papandreou's government, White House officials called for Europe's debt relief plan to continue.

Papandreou surprised financial markets this week when he called for a public vote on a deal the European Union had reached days earlier. Under the plan, Greece's debt would be cut nearly in half, if the government adopts drastic spending cuts.

Officials in the Greek prime minister's office denied that he was about to resign as a result of the controversy.

Ben Rhodes, a deputy national security adviser to President Obama, told reporters in Cannes the political upheaval in Athens should not prevent the EU plan from going forward.

“What needs to be done, as it relates to Greece, what needs to be done, as it relates to stabilizing the eurozone, was outlined last week, and those steps are going to need to be taken, going forward, irrespective of where we are at any given moment in a country's politics," said Rhodes.

White House officials have said repeatedly that Obama's main priority in Cannes is to help Europe move toward a solution. The president reinforced that point after meeting with Nicolas Sarkozy.

“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."

But Obama said more information is needed about how the initiative would proceed.

“Here at the G20, we are going to have to flesh out more of the details about how the plan will be fully and decisively implemented," he said.

You May Like

China Investigates Former Powerful Security Chief

Former security chief and member of Politburo Standing Committee, Zhou Yongkang, under investigation for suspected 'serious disciplinary violation' More

India, US Look to Reset Ties During Kerry Visit

This week's talks will be first high level interaction between two countries since Prime Minister Narendra Modi took charge More

Video Young African Leadership Program Renamed to Honor Mandela

YALI program, launched by President Obama in 2010, aims to build skills in business, entrepreneurship, public management and civic leadership 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.
Vietnamese Staging Chinese Product Boycott After Oil Rig Spati
X
Reasey Poch
July 28, 2014 7:18 PM
China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video ESA Spacecraft to Land on a Comet

After a long flight through deep space, a European Space Agency probe is finally approaching its target -- a comet millions of kilometers away from earth. Scientists say the mission may lead to some startling discoveries about the origins of the water on earth. VOA’s George Putic has more.
Video

Video Young Africans Arrive in US for Leadership Program

President Barack Obama's Young African Leadership Initiative has brought hundreds of young Africans to the United States for a six-week program aimed at building their knowledge and skills in fields such as public administration and business. Out of the 50,000 young Africans who applied for the program, just one percent was accepted. VOA's Laurel Bowman caught up with some of those who made the cut and has this report.
Video

Video In Honduras, Amnesty Rumors Fuel US Migration Surges

False rumors in Central America are fueling the current surge of undocumented young people being apprehended at the U.S. border. The inaccurate claims suggest the U.S. will give amnesty to young migrants from the region. As VOA's Brian Padden reports from Honduras, these rumors trace back to President Obama's 2012 executive order to halt deportations for some young undocumented immigrants already living in the United States.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.

AppleAndroid