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Obama urges decisive action on Europe debt crisis

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08-06-2012 | 11:30

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Obama urges decisive action on Europe debt crisis

President Barack Obama is urging Europe's leaders to act quickly and decisively to solve the continent's economic crisis.

Speaking from the White House, Obama says there are solutions available to European leaders, including injecting capital into weak banks.

Obama specifically addressed the situation in Greece, saying he recognizes the sacrifices the Greek people have made. But he warned Greece that its hardship will only grow if it leaves the Eurozone.

Obama contends the crisis in Europe is partially to blame for continued economic weakness in the U.S.

AP

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