Obama pressures Europe to take stronger measures for the debt crisis

The United States, increasingly threatened by the spill over effect of Greece’s financial crisis, has finally begun to apply direct pressure on European leaders by initiating intensive lobbying campaigns.  President Obama criticized the indecisiveness and optimism of European leaders, and urged  them to take stronger and more coordinated measures of action to the problem, addressing his desires eradicate this “shadow” hanging over the global economy.  Administration officials stated the unlikelihood of Europe’s immediate response, but suggested the possibility of  coming up with a solution in November, when leaders of G20 meet in Cannas, France.  The probability of Greece’s default is constantly increasing;  and this problem, which is still simply an “eyesore” for the United States, may rattle American economy and consequently lead to a global disaster.

http://www.nytimes.com/2011/09/24/business/us-pressures-europe-to-act-with-force-on-debt-crisis.html?pagewanted=all