Skip to comments.Obama presses EU leaders on growth
Posted on 05/20/2012 10:25:39 PM PDT by Olog-hai
A weekend summit of G8 leaders hosted by US President Barack Obama stressed the need for the eurozone to focus on keeping Greece inside the euroalthough plans are reportedly being drafted to deal with its potential exit.
"Our imperative is to promote growth and jobs.The global economic recovery shows signs of promise, but significant headwinds persist," leaders from the US, Japan, Canada, the UK, Germany, Italy, France and Russia, as well as the heads of the EU commission and the European Council, said in their final statement on Saturday (19 May).
The informal meeting at Obama's retreat in Maryland was an opportunity for the US president to show support for those EU leaderssuch as France's new president Francois Hollande and Italian premier Mario Montipushing for less austerity-focused eurozone policies.
After the G8 summit, Obama warned about the effects of the eurozone crisis on the world economy.
"As all the leaders here today agreed, growth and jobs must be our top priority. A stable, growing European economy is in everybody's best interests, including America's," he said.
Worries that a left-wing government after the 17 June election may drive the southern country out of the eurozone have prompted mass withdrawals from Greek banks. This in turn has prompted ever more urgent statements by politicians.
(Excerpt) Read more at euobserver.com ...
Socialism is inherently anti-growth so this is the blind leading the blind. The best thing to do is let Greece sink on its own like a gangrenous limb.
Our imperative is to promote growth and jobs.
Thus sayeth the socialist who knows nothing about either.
If any G-8 leader is stupid enough to listen to the stupid “leader” of this country, he/she is completely eff’ed up.