May 20, 2012
Barack Obama and the other G8 leaders wrapped up their negotiations on the European crisis at Camp David on Saturday with a pledge to keep Greece in the eurozone and to promote growth.
The communique, which had the growth promise at the top, represents a victory for Obama and the new French president, François Hollande, over German chancellor, Angela Merkel, who has resisted calls for a stimulus package.
But it may be shortlived. The communique was short in detail and Merkel could re-establish her dominance next week at an informal European meeting.
The eight leaders meeting at the US presidential retreat in Maryland issued a communique declaring in its opening paragraph: “Our imperative is to promote growth and jobs.”
This article was posted: Sunday, May 20, 2012 at 5:30 am