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PM, Obama discuss euro crisis ahead of G20 summit

Reuters | Posted on Jun 15, 2012 at 04:39am IST

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Washington: US President Barack Obama and Prime Minister Manmohan Singh agreed on Thursday on the need to buffer the global economy against risks from the European debt crisis, the White House said.

In a readout of their telephone call before the G20 meeting in Mexico next week, the White House said the two leaders discussed "the importance of steps to strengthen the resilience of the global economy" with a focus on steps to lift growth.

Leaders of the Group of 20 leading industrial nations will meet in Los Cabos, Mexico on June 18-19. Their conversations will be dominated by the European debt crisis.

PM, Obama discuss euro crisis ahead of G20 summit

Leaders of the Group of 20 leading industrial nations will meet in Los Cabos, Mexico on June 18-19.

Authorities in the world's major economies are preparing for a possible market storm or public panic after should leftists win the Greek elections this weekend and cast doubt on the nation's future in the euro zone.

Officials from the G20 nations said that central banks were ready to take steps to stabilize financial markets by providing liquidity and prevent any credit squeeze after Sunday's election.

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Politics

Manmohan Singh

Posted on May 24, 2013 at 04:45AM IST
Manmohan Singh is the 13th and current Prime Minister of India. He is the only Prime Minister since Jawaharlal Nehru to return to power after completing a full five-year term. He is the first Sikh to hold the office. Singh is also the 7th Pri ...

Politics

Barack Obama

Posted on May 24, 2013 at 03:45AM IST
Barack Hussein Obama II is the 44th and current President of the United States, having taken office in 2009. He is the first African American to hold the office. Obama previously served as a United States senator from Illinois, from January 20 ...

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