Skip to comments.Obama to press EU leaders over debt crisis (but ignores our own debt crisis)
Posted on 11/28/2011 4:12:02 AM PST by tobyhill
President Barack Obama will press European Union officials on Monday to reach a definitive solution to their sovereign debt crisis which is emerging as a major 2012 U.S. election worry.
As Germany and France scramble to tighten budget controls across the euro zone, European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso will face tough questions from Obama at the White House on how much longer the crisis might go on.
No breakthroughs are expected from the meeting, which will not include the European heads of state who need to make crucial decisions about the future of the 17-nation currency union.
But Van Rompuy and Barroso wield influence as heads of key EU institutions at the heart of efforts to fight the crisis, which has thrown the future of the euro zone into doubt at a moment of weakness for the global economy.
(Excerpt) Read more at reuters.com ...
Isn’t he late for a pick up game with his body man?
Yeah, like one drunk alcoholic telling another drunk alcoholic to stop drinking.
An lame attempt by Reuters to make Obama appear to be something of a global leader.
The reality is Obama is irrelevant. He is playing the fiscal crisis at home to score political points for his reelection campaign. In contrast, Europe’s politicians are arguing about real solutions and contemplating real consequences. Obama has forfeited the U.S. role as a global leader.
From Zero Hedge: But bond prices rallied on EFSF signing and yields decreased for potential recipients, including France.
Mondays Euro Update: Slight Improvement in Bond Yields
They are doing what Obama wants with the IMF (U.S.) waiting in the wings to bailout Europe. This will crush us, of course.
Obama couldn't "press" a wet sock with a steamroller!!