News / USA

Obama, G20 Press Europe On Economic Plan

President Barack Obama takes his place with other leaders for the Family Photo during the G20 Summit, Monday, June 18, 2012, in Los Cabos, Mexico.
President Barack Obama takes his place with other leaders for the Family Photo during the G20 Summit, Monday, June 18, 2012, in Los Cabos, Mexico.
Kent Klein
LOS CABOS, Mexico - Europe's financial crisis took center stage on Monday as the Group of 20 economic summit began in Mexico.  President Barack Obama and other G20 leaders continued to urge European nations to move forward with a growth plan.
 
Amid the splendor of the resort area of Los Cabos, the leaders of the world's most influential economies expressed their concern about the direction of Europe's economy.
 
After meeting with Mexican President Felipe Calderon, President Obama joined those putting pressure on Europe to advance a plan to address its banking and debt crisis. “A lot of attention has been centered on Europe.  Now is the time, as we have discussed, to make sure that all of us join to do what is necessary to stabilize the world financial system," he said. 
 
One of the president's top economic advisers, Undersecretary of the Treasury Lael Brainard, told reporters that the United States is seeking an answer from Europe soon. “We do not expect decisions until all euro area leaders have their summit at the end of June, but we do expect to see a clear direction of travel coming out of Los Cabos," he said. 
G20 - June, 2012, Current Account BalanceG20 - June, 2012, Current Account Balance
x
G20 - June, 2012, Current Account Balance
G20 - June, 2012, Current Account Balance
Brainard said the United States hopes that direction will be toward more projects that will stimulate European economic growth.
 
President Obama discussed the situation with German Chancellor Angela Merkel, and aides say he was encouraged by what he heard about efforts to address the crisis.  Obama called a meeting for Monday night with European leaders.
The president's highest-profile meeting of the day was with Russian President Vladimir Putin, their first since Putin recently returned to office.
 
The meeting was dominated by the violence in Syria, whose government Russia supports and, some reports say, has armed.
 
After they met for two hours, it was unclear whether Obama was able to convince his Russian counterpart to persuade Syrian President Bashar al-Assad step down. “We agree that we need to see a cessation of the violence, that a political process has to be created to prevent civil war and the kind of horrific deaths that we have seen over the last several weeks," he said. 
 
President Putin spoke very little about Syria, saying only that he and Mr. Obama had found “commonalities” on that and other issues.
 
Putin spoke very little at the press conference, and seldom made eye contact with Obama.
 
The U.S. ambassador to Russia, Michael McFaul, called the chemistry between the two leaders “businesslike and cordial.”  He dismissed speculation that Mr. Putin's expressionless demeanor meant trouble in U.S.-Russia relations. “I have been in a lot of meetings with Putin.  I have watched a lot of video of him.  There was nothing extraordinary.  That is the way he looks.  That is the way he acts.  I would not read anything into that at all," he said. 
 
Obama thanked Putin for hosting the current Moscow negotiations on Iran's nuclear program.
 
He also expressed gratitude for Russia's work on the Northern Distribution Network, which supplies U.S. troops in Afghanistan. 
 
President Obama again called for the U.S. Congress to repeal the Jackson-Vanik amendment, a 1974 law which denies Russia top U.S. trading status.  He said the move would stimulate U.S.-Russia trade.
 

You May Like

Arab League Delays Forming Joint Force

Delay grows out of one of original obstacles facing pan-Arab force, analysts say: 'They may agree on the principle, but they continue to argue about how to implement the project' More

Pakistan Demands Afghanistan Protect Its Kabul Mission, Staff

Officials in Islamabad say Afghan agents are harassing Pakistani embassy personnel, particularly those living outside of mission’s compound More

US Survey: Trump Lead Grows in Republican Presidential Contest

Quinnipiac University poll shows brash billionaire real estate mogul with 28 percent support among Republican voters More

This forum has been closed.
Comment Sorting
Comments
     
by: NVO from: usa
June 18, 2012 10:44 PM
The "economic plan" is to microchip everyone by 2017, with the BILDERBERGS being at the forefront of this.WAKE UP PEOPLE!!!

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Colombians Flee Venezuela as Border Crisis Escalatesi
X
August 27, 2015 2:08 AM
Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Colombians Flee Venezuela as Border Crisis Escalates

Hundreds of Colombians have fled Venezuela since last week, amid an escalating border crisis between the two countries. Last week, Venezuelan President Nicolas Maduro ordered the closure of a key border crossing after smugglers injured three Venezuelan soldiers and a civilian. The president also ordered the deportation of Colombians who are in Venezuela illegally. Zlatica Hoke reports.
Video

Video Is China's Economic Data Accurate?

Some investors say China's wild stock market gyrations have been made worse by worries about the reliability of that nation's economic data. And some critics say the reports can mislead investors by painting an unrealistically-strong picture of the economy. A key China scholar says Beijing is not fudging ((manipulating)) the numbers, but that the economy is evolving quickly from smoke-stack industries to services, and the ways of tracking new economic activity are falling behind the change. V
Video

Video Next to Iran, Climate at Forefront of Obama Agenda

President Barack Obama this week announced new initiatives aimed at making it easier for Americans to access renewable energy sources such as solar and wind. Obama is not slowing down when it comes to pushing through climate change measures, an issue he says is the greatest threat to the country’s national security. VOA correspondent Aru Pande has more from the White House.
Video

Video Shipping Containers Provide Experimental Housing

Housing prices around the San Francisco Bay area are out of reach for many people, so some young entrepreneurs, artists and tech industry workers are creating their own houses using converted shipping containers. But as VOA's Mike O’Sullivan reports from Oakland, the effort requires ingenuity and dealing with restrictive local laws.
Video

Video Arctic Draws International Competition for Oil

A new geopolitical “Great Game” is underway in earth’s northernmost region, the Arctic, where Russia has claimed a large area for resource development and President Barack Obama recently approved Shell Oil Company’s test-drilling project in an area under U.S. control. Greg Flakus reports.
Video

Video Philippine Maritime Police: Chinese Fishermen a Threat to Country’s Security

China and the Philippines both claim maritime rights in the South China Sea.  That includes the right to fish in those waters. Jason Strother reports on how the Philippines is catching Chinese nationals it says are illegal poachers. He has the story from Palawan province.
Video

Video Technique May Eliminate Drill-and-Fill Dental Care

Many people dread visiting dentists because they're afraid of drills. Now, however, a technology developed by a British firm promises to eliminate the need for mechanical cleaning of dental cavities by speeding a natural process of tooth repair. VOA’s George Putic reports.
Video

Video China's Spratly Island Building Said to Light Up the Night 'Like A City'

Southeast Asian countries claim China has illegally seized territory in the Spratly islands. It is especially a concern for a Philippine mayor who says Beijing is occupying parts of his municipality. Jason Strother reports from the capital of Palawan province, Puerto Princesa.
Video

Video Ages-old Ice Reveals Secrets of Climate Change

Ice caps don't just exist at the world's poles. There are also tropical ice caps, and the largest sits atop the Peruvian Andes - but it is melting, quickly, and may be gone within the next 20 years. George Putic reports scientists are now rushing to take samples to get at the valuable information about climate change locked in the ice.
Video

Video French Experiment in Integrating Roma Under Threat

Plans to destroy France’s oldest slum have sparked an outcry on the part of its Roma residents. As Lisa Bryant reports from the Paris suburb of La Courneuve, rights groups argue the community is a fledgling experiment on integrating Roma who are often outcasts in many parts of Europe.
Video

Video Kenyans Turn to Agriculture for Business

Each year Kenyan universities continue to churn out graduates for the job market despite the already existing high rate of unemployment among youth in the country. Some of these young men and women have realized that agriculture can be as rewarding as any other business or job, and they are resorting to agribusiness in large numbers as a way of tackling unemployment. Rael Ombuor reports for VOA.
Video

Video First Women Graduate Elite Army Ranger School

Two women are making history for the U.S. Army by proving they are among the toughest of the tough. VOA's Carla Babb reports from Fort Benning, Georgia as 94 men and those two women rise as graduates of the difficult Ranger school.

VOA Blogs