Obama calls on Europe to resolve debt problems
Adds, “You don’t have a GOP, so what are you waiting for?”. j/k, SCNR
In a rare public expression of criticism aimed at America’s transatlantic allies, US President Barack Obama has called on European leaders to develop a “more effective set of coordinated policies” to deal with the continent’s sovereign debt crisis.
“Right now you have a single currency, but you don’t have a single set of economic policies, and that’s created great difficulty,” Obama said in reference to the eurozone. “It’s difficult to coordinate when you have that many countries with different politics and different economic situations trying to agree on a common course.”
Speaking to a group of Hispanic journalists at the White House on Monday, Obama said Greece was “obviously the biggest immediate problem” and that the government there was “taking some steps to slow the crisis but not solve the crisis.”
“The bigger problem is what happens in Spain and Italy if the markets keep on making a run at those very big countries,” he added, saying Washington was “deeply engaged” with European nations on how to solve the eurozone crisis.
See also: Europe’s currency crisis – How to save the euro
Update: Today, a snarky implied response of sorts:
“Finger-pointing in the direction of Europe shouldn’t prevent others from putting their budgets in order and doing their homework before handing out advice to Europeans,” [European Central Bank Executive Board member Juergen] Stark said at an event in Vienna.