Arab Today, arab today obama hollande to press euro crisis remedies at g8
Last Updated : GMT 16:04:18
Arab Today, arab today
Arab Today, arab today

Obama, Hollande to press euro crisis remedies at G8

Arab Today, arab today

Arab Today, arab today Obama, Hollande to press euro crisis remedies at G8

Washington - Arabstoday

U.S. President Barack Obama will seek to cement a bond with France\'s new leader at the White House on Friday before heading to Camp David for a G8 summit where he is set to press Europe to do more to fix the region\'s deepening economic crisis. Francois Hollande, sworn in this week as French president, has already made waves by challenging Europe\'s austerity focus and saying he will pull French combat troops from Afghanistan by the end of this year. Obama, 50, may use their introductory meeting in the Oval Office to encourage the 57-year-old Socialist to rethink his Afghanistan plans that put France on an earlier exit timetable than other NATO allies. But the two leaders, who have both expressed support for pro-growth policies in Europe, are expected to form a common front on the euro zone crisis that could dominate this weekend\'s Group of Eight talks. Obama\'s administration spent heavily to tackle the 2007-2009 U.S. recession, and Hollande is seeking to take the edge off austerity with more job-creating infrastructure investments. The G8 summit comes as Greeks are pulling cash from banks amid growing fears that it might crash out of the single currency euro zone, and financial markets have turned fearful about the prospects of a full-blown crisis in Europe. Obama and other U.S. officials have urged European leaders repeatedly to do more to stimulate growth in the region, fearing contagion from the euro crisis could hurt the U.S. economy and threaten Obama\'s chances of re-election on Nov. 6. Heather Conley, a senior fellow at the Center for Strategic and International Studies, said Hollande and Obama \"see things very similarly about the need for a better balance between fiscal consolidation, austerity and economic growth.\" That could put pressure on German Chancellor Angela Merkel, who has stressed the need for fiscal discipline to get the euro zone finances back on track even as voters have toppled belt-tightening governments. One of Obama\'s closest aides, National Security Adviser Tom Donilon, said the United States welcomed the evolving debate in Europe about the \"imperative for jobs and growth,\" but he said the president\'s intention was not to drive a wedge between Europe\'s two biggest economies, Germany and France. \"I don\'t think that the nature of these conversations are going to be anything like taking one side or the other,\" he told reporters on Thursday. \"The president looks forward to leading a discussion among the leaders about the imperative of having a comprehensive approach to manage the crisis and get on a sustainable path towards recovery in Europe.\" Obama, a Democrat, has pitched a similarly \"balanced\" approach combining short-term stimulus and longer-term cuts to heal the U.S. economy and stoke hiring that has not recovered from the financial crisis. His presumed White House opponent, Republican Mitt Romney, has made reducing the U.S. debt load which has escalated during Obama\'s tenure one of his key campaign messages. \"A balanced approach that includes not just austerity but growth and job creation is the right approach,\" White House spokesman Jay Carney said on Thursday, explaining Obama\'s message to the G8. No economic policy outcomes are expected from the closed-door talks at Camp David, a rustic presidential escape about two hours from Washington that Obama has visited far less frequently than his predecessor George W. Bush. The White House moved the summit to the Maryland retreat from Chicago in part to give the meeting a more informal flavor, as well as to escape the possibility of protests when Russian President Vladimir Putin was slated to attend. His prime minister, Dmitri Medvedev, will be there instead along with G8 first-timers Hollande, Mario Monti of Italy and Yoshihiko Noda of Japan, as well as Britain\'s David Cameron and Canada\'s Stephen Harper, plus Merkel and Obama. European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy are also set to attend. The White House said each leader would get their own cabin, albeit of different sizes. It will be the largest international summit ever held at Camp David, which was built in the 1930s and is best known as the site of past Middle East peace talks. Conley of CSIS acknowledged Obama\'s power to exert influence over Europe over weekend was \"somewhat limited.\" \"Nevertheless, I think the president can play a role of listening, helping leaders find common ground,\" she said. \"We are sitting on the bleachers a bit. And we are going to have to watch how this plays out with the frustration in recognizing that it will have a profound impact for the global economy and for the U.S. economy.\" And Bruce Jones of the Brookings Institution said because Obama\'s re-election prospects hinge so directly on the health of the American economy, he has a huge interest in getting Europe on a healthy growth track. \"Even if he wasn\'t in an election season, any president of the United States has a lot riding on the Europeans getting this right,\" he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama hollande to press euro crisis remedies at g8 Arab Today, arab today obama hollande to press euro crisis remedies at g8

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday