Reflecting the anger of Americans who are blaming Europe for the current economic turmoil, the President called for eurozone leaders to show global markets they are taking responsibility for the crisis.
Mr Obama told Spanish journalists: "The leaders in Europe must meet and take a decision on how to co-ordinate monetary integration with more effective, co-ordinated fiscal policy."
Tim Geithner, the US Treasury Secretary, is set to take the unusual step of attending a European Finance Ministers meeting on Friday.
Analysts at JP Morgan said there was "a growing sense that the crisis is reaching a climax", arguing that the "endgame on EMU [European Monetary Union] is approaching fast".
Jim O'Neill, chairman of Goldman Sachs Asset Management, added that along with Greece, "something big needs to happen for European bank capital, the clarity and determination of ECB policy making and, most importantly, where Germany wants to lead EMU". » | Louise Armitstead, and Harry Wilson | Tuesday, September 13, 2011
Obama has got his nerve! What the hell has he done to tackle the US's debt crisis? The man is a joke. – Mark
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