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Obama intervenes over Eurozone debt crisis

The US president urged British and French leaders to take decisive action, amid growing unease over debt levels.

Obama pictured today in Bethesda, Maryland
Obama pictured today in Bethesda, Maryland
Image: Pablo Martinez Monsivais/AP/Press Association Images

BARACK OBAMA HAS called key European leaders over the growing debt crisis and urged them to take decisive action, the White House said today.

The US president called on the leaders of Britain and France to take steps to tackle the situation amid growing unease over debt levels.

Obama spoke separately with British Prime Minister David Cameron and French President Nicolas Sarkozy. The White House says the three leaders agreed to coordinate closely in the run-up to a European Union summit later this month and the G20 summit in early November.

The EU summit has been delayed to give leaders more time to finalise a plan to fight the worsening debt crisis. Leaders are still discussing financial aid for Greece, the recapitalisation of banks and giving the Eurozone bailout fund more firepower.

Obama has said he hopes European leaders have a clear, concrete plan in place by the G20 meeting.

Read more: EU delays leaders’ summit to finalise debt crisis plan>

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Associated Press

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