President Obama voiced his growing concern over European debt woes on Monday during lengthy talks at the White House with the leaders of the 27-nation European Union.
Much of the conversation “revolved around the eurozone crisis,” Obama said afterward, noting that until Europe cleans up its fiscal mess, it will be tough for the United States to enjoy a robust recovery.
“If Europe is contracting or if Europe is having difficulties,” he said, “then it’s much more difficult for us to create good jobs here at home, because we send so many of our products and services to Europe.”
European Council President Herman Van Rompuy acknowledged what he called a continental “confidence crisis.” But European Commission President Jose Manuel Barroso sought to reassure Obama that Europe is going to solve its problems and is “taking strong measures for unprecedented situations.”
DON'T MISS TODAY'S TOP STORIES