Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Seven African countries' economies at risk over Brexit decision

Read more

THE DEBATE

Britain votes out: What next?

Read more

#TECH 24

The 'fintech' revolution

Read more

FRANCE IN FOCUS

A certified 'palace': How hotels strive for excellence

Read more

#THE 51%

In her own image: Women in Art

Read more

REPORTERS

World War I: When northern France was on German time

Read more

REVISITED

Video: Ugandan city still scarred by Lord's Resistance Army atrocities

Read more

MEDIAWATCH

#Brexit sparks a storm on social media

Read more

BUSINESS DAILY

Markets, pound plunge on Brexit vote

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)