President Obama arrives in Cannes, France, for G-20 Economic Summit

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11 Responses to President Obama arrives in Cannes, France, for G-20 Economic Summit

  1. ed lazarus says:

    Imagine! President Obama managed to stumble his way around the meeting without once groping the Chancellor of Germany! And as far as I can tell….he didn’t vomit on a single world leader.
    After eight of the most unproductive, embarrassing and gloomy years in generations, it feels good to once again be represented to the other peoples of the world by a gentleman.
    How many times did the clown, Bush, bring shame on America because of his clumsy and ignorant ways?
    Thank you, Mr. Obama for doing so much to restore America’s reputation. It means more than you may realize.

  2. Greece has no right to say or choose on anything,or thrown out with pleasure.We have enough of doling out doughs to stubborn countries…..Greece has to follow the outlined austerity debt plan or out the Eurozone.We don’t need Greece,at all,it will hurt itself more than the European Union.

  3. Greek Prime Minister Scraps Referendum, Says He Will Not Resign

    ATHENS, Greece — Ignoring increasing calls to step down, Greece’s prime minister says he is seeking emergency talks with the opposition and warns that an early election would force Greece into leaving the euro currency.

    Prime Minister George Papandreou made the comments in an emergency Cabinet meeting Thursday. His office released his speech to the ministers.

    Papandreou sparked a crisis when he announced Monday he would put a European debt deal to a referendum in Greece. Two officials close to him say the referendum idea has now been scrapped, after the opposition indicated they backed the new bailout deal to cut Greece’s debts.

    • Greek Prime Minister Reportedly Agrees To Step Down

      ATHENS/CANNES, France (Reuters) – Intense European pressure forced debt-stricken Greece to seek political consensus on a new bailout plan instead of holding a referendum after EU leaders raised the prospect of a Greek exit from the euro to preserve the single currency.

      Fast-moving events in Athens overshadowed the first day of a summit of the Group of 20 major economies on the French Riviera on Thursday, with anxious world leaders urging Europe to act to stop contagion from its sovereign debt crisis.

      Greek Prime Minister George Papandreou bowed to cabinet rebels and agreed to step down and make way for a negotiated coalition government if his Socialists back him in a confidence vote on Friday, government sources told Reuters.

      “He was told that he must leave calmly in order to save his (PASOK) party,” one source said on condition of anonymity. “He agreed to step down. It was very civilized, with no acrimony.”

      Papandreou, son and grandson of left-wing prime ministers, hinted he was ready to quit for the sake of national unity, telling parliament he was not wedded to his job.

      G20 leaders meeting in Cannes discussed increasing the International Monetary Fund’s resources and building a financial firewall to protect vulnerable euro zone economies Italy and Spain from a possible Greek default.

  4. Talking Points Memo:

    AP: Greek bailout referendum has been scrapped

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