White House Briefs

President Obama Supports EU Economic Plan

Statement by the President on Europe

We welcome the important decisions made last night by the European Union which lay a critical foundation for a comprehensive solution to the Eurozone crisis. We look forward to the full development and rapid implementation of their plan. We will continue to support the EU and our European allies in their efforts to address this crisis as we work together to sustain the global recovery and put our people back to work.

Photo source: The White House

Author: Pete Souza

Permission: Public Domain

What Does the Future Hold for the Euro?

The Euro crisis could result in a new Euro treaty with extended central control over EU member states' financial policies.

Sources:EUX.TVTelegraphKathimeriniProject Syndicate

Watch video: http://www.newsy.com/videos/what-does-the-future-hold-for-the-euro/

By Mikkel Noel Lansky

Anchor: Christina Hartman

Link provided by Newsy.com

Presidents Obama and Sarkozy Confer on Global Economy, Libya

Readout of the President's Call with President Sarkozy of France

The President and French President Sarkozy spoke today about the situation in Libya and continued their close consultations about the global economic situation and recent developments in financial markets.

With regard to Libya, they agreed that Qadhafi and the remnants of his regime needed to accept that their time is up and relinquish power once and for all, and they welcomed the progress that has been made by the Libyan people in pursuing an end to the Qadhafi regime.

At the same time, they agreed to continue to work with allies and partners in the international community to protect the people of Libya and to support a peaceful transition to democracy. President Sarkozy joined the President in urging the Transitional National Council to continue demonstrating its leadership by respecting the rights of the people of Libya, avoiding civilian casualties, protecting the institutions of the Libyan state, and pursuing a transition to democracy that is just and inclusive for all of the people of Libya.

The two Presidents also discussed the global economic situation, the Eurozone crisis and recent market developments. They agreed on the importance of concerted action, including through the G20, to address these challenges and to spur growth and job creation in the global economy.

Photo source: EPP Summit October 2010

Author: European People's Party
Permission: Creative Commons Attribution 2.0 Generic