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Obama warns on debt at Merkel talks
YahooNews.com ^ | 6-8-2011 | Stephen Collinson
Posted on June 8, 2011 5:57:53 AM EDT by raybbr
WASHINGTON (AFP) – US President Barack Obama warned Europe's debt crisis must not destabilize the global economy, as he laid on an effusive White House welcome for German Chancellor Angela Merkel.
Obama and Merkel had extensive talks about the plight of debt-stricken Greece, which needs a second huge financial bailout, despite some reluctance from some eurozone members to stump up fresh funds.
"I very much appreciated the chancellor's views on the financial situation in Europe, which we agree cannot be allowed to put the global economic recovery at risk," Obama said in a joint press conference with Merkel.
Obama said he was confident Europe would figure out a way to support Greece, adding that Washington would do what it could to help, and noted the "tough" domestic politics faced by leaders organizing bailouts for other countries.
Later at a black tie state dinner steeped in pageantry in the open air in the White House Rose Garden, Obama bestowed America's highest civilian honor, the Presidential Medal of Freedom, on the German Chancellor.
He hailed her as the first East German, and the first woman to serve as German Chancellor and said the award was a recognition of her status as "an eloquent voice for human rights and dignity around the world."
(Excerpt) Read more at news.yahoo.com ...
Wtf?