Arab Today, arab today obama world economy weak until eurozone woes solved
Last Updated : GMT 02:19:38
Arab Today, arab today
Arab Today, arab today

Obama: world economy weak until eurozone woes solved

Arab Today, arab today

Arab Today, arab today Obama: world economy weak until eurozone woes solved

Washington - AFP

US President Barack Obama warned Monday the world economy would remain weak until the eurozone crisis was solved, as market anxiety mounted over debt woes in Greece, Spain and Italy.In a roundtable interview with Hispanic journalists, Obama said that the United States was working with European states and authorities to help craft packages for vulnerable economies.\"We will continue to see weaknesses in the world economy, I think, so long as this issue is not resolved,\" Obama said. \"It will be a significant topic for the G20 meeting that takes place in November,\" he said, referring to a meeting to be hosted by France.Obama said that Washington was \"deeply engaged\" with European nations on solving the eurozone crisis but that ultimately large countries in Europe were going to have to come together to decide how to solve it.\"Greece is obviously the biggest immediate problem. And they\'re taking some steps to slow the crisis but not solve the crisis,\" Obama said.\"The bigger problem is what happens in Spain and Italy if the markets keep making a run at those very big countries,\" he said.Earlier on Monday, European stocks plunged and the euro slumped to a 10-year low against the yen as talk of a possible Greek default compounded worries that the world is set for another recession. But US stocks bucked the trend, as the Dow Jones Industrial Average rose 0.63 percent on a report in the Financial Times that China was in talks to buy Italian government bonds. Greece -- which earlier this year was given the green light for a second bailout -- announced on Sunday two billion euros ($2.7 billion) in budget cuts demanded by the EU and the IMF for its rescue package to avoid a default. EU Economy Commissioner Olli Rehn welcomed the move and said a team would head to Athens in the next few days to discuss a new tranche of Greece\'s first rescue package agreed in 2010.However, European finance ministers are split over how to deal with obstacles holding up the second 160-billion-euro bailout for Greece, agreed in principle in July. And Germany\'s Economy Minister Philipp Roesler pointedly said, in a column for publication on Monday, that Europe could no longer rule out an \"orderly default\" for Greece.

arabstoday
arabstoday

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 world economy weak until eurozone woes solved Arab Today, arab today obama world economy weak until eurozone woes solved

 



Arab Today, arab today

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 world economy weak until eurozone woes solved Arab Today, arab today obama world economy weak until eurozone woes solved

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals 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