President Obama expressed confidence Saturday that there’s an “emerging consensus” from the world’s most industrialized nations that more must be done to promote growth and job creation to help Europe’s sputtering economy.
Wrapping up a two-day G8 summit at the presidential retreat in Maryland, Obama together with the other leaders, urged German Chancellor Angela Merkel, to ease her push for austerity and endorse a pro-growth agenda that would help Europe’s economy accelerate.
In a brief statement to reporters at the end of the two-day summit, Obama said more work needs to be done to help Europe’s economy.
“All the leaders here today agreed growth and jobs must be our top priority,” Obama said.
A central question facing Europe is whether Greece will be able to retain its membership in the European Union and keep the euro as its currency.