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

Photogallery Obama Announces Plan to Send 3,000 Troops to Liberia in Ebola Fight

At US Centers for Disease Control and Prevention, Obama details troop deployment and other pieces of US plan More

China Muslims Work to Change Perceptions After Knife Attacks

Muslims in Kunming say that they condemn the violence, it is not a reflection of the true beliefs of their faith More

Humanitarian Aid, Equipment Blocked in Cameroon

Move is seen as a developing supply crisis in West Africa 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.
Enviropreneur Seeks to Save the Environment, Empower the Communityi
X
September 16, 2014 2:06 PM
Lorna Rutto, a former banker, is now an ‘enviropreneur’ - turning plastic waste into furniture and fences discusses the challenges she faces in Africa with raw materials and the environment.
Video

Video Enviropreneur Seeks to Save the Environment, Empower the Community

Lorna Rutto, a former banker, is now an ‘enviropreneur’ - turning plastic waste into furniture and fences discusses the challenges she faces in Africa with raw materials and the environment.
Video

Video West Trades Accusations Over Ransoms

As world leaders try to forge a common response to the threat posed by Islamic State militants in Iraq and Syria, there is simmering tension over differing policies on paying ransoms. In the past month, the jihadist group has beheaded two Americans and one Briton. Both countries refuse to pay ransom money. As Henry Ridgwell reports for VOA from London, there is uncertainty in the approach of some other European nations.
Video

Video Scotland Independence Bid Stokes Global Interest

The people of Scotland are preparing to vote on whether to become independent and break away from the rest of Britain, in a referendum being watched carefully in many other countries. Some see it as a risky experiment; while others hope a successful vote for independence might energize their own separatist demands. Foreign immigrants to Scotland have a front row seat for the vote. VOA’s Henry Ridgwell spoke to some of them in Edinburgh.
Video

Video Washington DC Mural Artists Help Beautify City

Like many cities, Washington has a graffiti problem. Buildings and homes, especially in low-income neighborhoods, are often targets of illegal artwork. But as we hear from VOA’s Julie Taboh, officials in the nation's capital have come up with an innovative program that uses the talents of local artists to beautify the city.
Video

Video US Muslim Leaders Condemn Islamic State

Leaders of America's Muslim community are condemning the violent extremism of the Islamic State group in Iraq and Syria. The U.S. Muslim leaders say militants are exploiting their faith in a failed effort to justify violent extremism. VOA correspondent Meredith Buel reports.
Video

Video Americans' Reaction Mixed on Obama Strategy for Islamic State Militants

President Barack Obama’s televised speech on how the United States plans to “degrade and destroy” the group known as the Islamic State reached a prime-time audience of millions. And it came as Americans appear more willing to embrace a bolder, tougher approach to foreign policy. VOA producer Katherine Gypson and reporter Jeff Seldin have this report from Washington.
Video

Video Authorities Allege LA Fashion Industry-Cartel Ties

U.S. officials say they have broken up crime rings that funneled tens of millions of dollars from Mexican drug cartels through fashion businesses in Los Angeles. Mike O'Sullivan reports that authorities announced nine arrests, as 1,000 law enforcement agents fanned out through the city on Wednesday.
Video

Video Bedouin Woman Runs Successful Business in Palestinian City

A Bedouin woman is breaking social taboos by running a successful vacation resort in the Palestinian town of Jericho. Bedouins are a sub-group of Arabs known for their semi-nomadic lifestyle. Zlatica Hoke says the resort in the West Bank's Jordan Valley is a model of success for women in the region.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid