BREAKING NEWS

Obama: Europe needs 'absolute commitment' on debt crisis

By REUTERS

FEBRUARY 9, 2012 05:56

WASHINGTON - President Barack Obama said on Wednesday Europe must not flinch as its leaders confront a raging debt crisis that he acknowledged could do real harm to the US economic recovery.

In an interview with newspaper La Stampa on the eve of a White House meeting with Italian Prime Minister Mario Monti, Obama said the United States would "do our part" to help, but stressed that the burden lay mostly with Europe.

"What is necessary now is for all European governments to show their absolute commitment to the future of economic integration in Europe," Obama said in a text of the interview published on the Italian newspaper's website.

Obama meets with Monti at 2:45 p.m. (1945 GMT) on Thursday and will discuss Italy's steps to restore market confidence and boost growth, "as well as the prospect of an expansion of Europe's financial firewall," the White House said.

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