Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

'South Sudan has a crisis of leadership'

Read more

IN THE PAPERS

Druids protest alcohol ban

Read more

BUSINESS DAILY

Puerto Rico set for biggest default yet

Read more

EYE ON AFRICA

South African court rules Jacob Zuma should face corruption charges

Read more

MEDIAWATCH

A Royal Challenge from the Obamas

Read more

THE WORLD THIS WEEK

Lights go out in Venezuela and Saudi Arabia goes green (part 1)

Read more

THE WORLD THIS WEEK

Stalemate in Spain and Protests in Paris (part 2)

Read more

FRANCE IN FOCUS

Cinema, a French love affair

Read more

#TECH 24

'VR' immersive journalism

Read more

Europe

Obama tells Europe to get a grip on debt crisis

Text by News Wires

Latest update : 2011-09-28

Europe is not doing enough to resolve its debt crisis, US President Barack Obama said Wednesday. Early in the week, Obama said the situation in Europe was "scaring the world".

REUTERS - European nations have not done enough to fix weaknesses in their financial sector, U.S. President Barack Obama said on Wednesday, keeping pressure on euro zone leaders to resolve the region's debt crisis.

The U.S. economy's recovery has been hampered by global issues including the Arab Spring uprisings that pushed up energy prices and the financial health of European countries, Obama said.

"In Europe, we haven't seen them deal with their financial system and banking system as effectively as they need to," he said in a question and answer session with U.S. Hispanic media.

Obama, whose re-election chances in 2012 have been hurt by persistently high unemployment and fears of another recession in the United States, said on Monday the debt crisis in Europe was "scaring the world."
 

Date created : 2011-09-28

  • ECONOMY

    EU looks to bolster crisis fund as IMF pledges action

    Read more

  • MARKETS

    European markets slump to 26-month closing low

    Read more

COMMENT(S)