Previous Post: Argentina loses a third of its dollar deposits nbsp
Obama Says Europe Must Act as Crisis Threatens Recovery
Bloomberg – President Barack Obama pressed Europe’s leaders to take “decisive” action to stimulate growth while dealing with debt, saying the euro-zone crisis is putting a serious drag on the U.S. economy. “The sooner they act, the more decisive and concrete their action, the sooner people and markets will regain some confidence,” Obama said at a White House news conference. The president also cited Europe’s financial woes to pressure Congress for action on jobs measures that have been stalled since he proposed them last September. Read Article
Tags: debt wealth, Europe, financial system, North America, politics