Wednesday, May 12, 2010
Barack Obama is pressuring Spain to make austerity cuts as the European debt crisis rumbles on, it has emerged.
The U.S. President has also been credited with helping to save the Euro, after giving advice to European leaders on how to handle the debt crisis.
U.S. officials have been adamant that Europe must take the lead in resolving the crisis.
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But amid fears for the impact on the American economy, behind closed doors the U.S. has been taking a far more active role.
Mr Obama and his aides have privately pressured European leaders to take bold action to calm the storm in financial markets.
Yesterday he called Prime Minister Jose Luis Rodriguez Zapatero to discuss the importance of ‘resolute action’ by Spain.
This article was posted: Wednesday, May 12, 2010 at 12:20 pm