Obama expresses anxiety regarding proceedings in Europe

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

President Obama in his Thursday speech expressed worries about situation in Europe. Obama told he supported Sarkozy's and Merkel's idea to make stronger fiscal ties across Europe; however, the President emphasized fiscal union is a solution that may take years. Europe needs to resolve short term crisis immediately, he added. European region is rich enough to tackle crisis, but it must act jointly and responsibly. 

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