|Page (1) of 1 - 06/19/12||email article||print page|
Obama presses for stability from Europe, needing to come home from G-20 with economic momentum
LOS CABOS, Mexico (AP) ' Needing an economic boost, President Barack Obama is trying to land assurances that Europe is closing in on a financial crisis response that will calm the markets and keep the continent's woes from undermining the world.
As he presses leaders to drum up economic demand, they want promises the United States won't plunge off a fiscal cliff by year's end.
The leader of the giant but struggling U.S. economy, Obama remains central to the Group of 20 summit talks wrapping up Tuesday in Los Cabos, Mexico. But it is the European members gathered in the coastal resort area, led by Germany and its chancellor, Angela Merkel, who carry both the power and responsibility to stabilize a eurozone reeling from debt, banking and political problems.