Video |President Obama Holds Press Conference At G-20 Summit

President Obama gives news conference at the 2012 G-20 Economic Summit in Mexico.

Updated with video

This entry was posted in Barack Obama, Breaking News, Current Events, Politics, POTUS, President Obama and tagged , . Bookmark the permalink.

2 Responses to Video |President Obama Holds Press Conference At G-20 Summit

  1. Ametia says:

    China & Russia not with us on UN solution with Syria.

  2. Ametia says:

    Germany set to allow eurozone bailout fund to buy troubled countries’ debt
    Patrick Wintour in Los Cabos, Tuesday 19 June 2012 13.02 EDT

    Angela Merkel poised to remove opposition to direct lending by rescue fund in move seen as step towards sharing debt burden

    Angela Merkel is poised to allow the eurozone’s €750bn (£605bn) bailout fund to buy up the bonds of crisis-hit governments in a desperate effort to drive down borrowing costs for Spain and Italy and prevent the single currency from imploding.

    Germany has long opposed allowing the eurozone’s rescue fund, the European Financial Stability Facility, to lend directly to troubled eurozone countries, fearing that Berlin would end up paying the bill, and the beneficiaries would escape the strict conditions imposed on Greece, Portugal and Ireland.

    But Merkel has come under intense pressure as financial markets have pushed up borrowing costs for Spain to levels that many analysts see as unsustainable.

    Analysts are likely to see the decision as the first step towards sharing the burden of troubled countries’ debts across the single currency’s 17 members, though it falls short of the “eurobonds” proposed by the European commission president, José Manuel Barroso.

    A spokeswoman for Merkel said: “Nothing has been decided yet.”

    The proposal was discussed on the margins of the two-day G20 summit in Los Cabos, Mexico, which has been dominated by the depressing impact of the eurozone crisis on the world economy.

    G20 officials believe an announcement could be made by the leaders of the eurozone in the next few days, but stressed they remained unclear as to timing and precise content.

Leave a Reply