Obama, world want bold signs from Europe at G-20

Obama, world want bold signs from Europe at G-20President Barack Obama is searching for bolder, swifter signals from Europe that it will contain its financial mess and keep it from torpedoing the U.S. economy and his re-election chances along with it. Yet as he prepares for summit talks to be held in Mexico with the other world leaders, Obama is down to the power of persuasion and little else.
A looming, perilous Greek election and Europe’s internal politics are controlling the debate. Given the teetering global economy and the breadth of leaders about to gather in the coastal resort of Los Cabos, the Group of 20 summit meeting carries the weight of expectations. Most of its members are not part of Europe and they have no power to drive how the continent manages its crisis, although they do come looking for signs of progress and urgency.

Posted on Jun 16 2012. Filed under Business, Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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