Op-Ed By President Obama: A Firewall To Stop Europe’s Crisis Spreading

[dkf]

When leaders of the largest economies meet next week in France, our citizens will be watching for the same sense of common purpose that allowed us to rescue the global economy two years ago from a financial crisis that was sparked by years of irresponsibility.

Because of the co-ordinated action the G20 took then, the global economy began to grow again. Emerging economies rebounded. In the US, we’ve had 19 straight months of private sector job growth and added more than 2.5m private sector jobs.

Still, progress has not come fast enough and today the global recovery remains fragile. Around the world, hundreds of millions of people are unemployed. Disruptions in oil supplies, the tragic earthquake in Japan, and Europe’s financial crisis have contributed to the slowdown. Emerging economies have begun to slow. Global demand is weakening.

Our challenge is clear. We must stay focused on the strong, sustainable and balanced growth that boosts global demand and creates jobs and opportunity for our people. This requires action in several areas.

http://www.mondovisione.com/media-and-resources/news/op-ed-by-president-obama-a-firewall-to-stop-europes-crisis-spreading/

[Number23]

1. Thanks for the link. Prosense's OP had a direct link to FT.com

which wants you to register before you can even read the article.

I'd like to say that I'm surprised this piece was completely ignored here, but I'd be lying.

Given the scope of the challenge and the threat to the global economy, it is important for all of us that this strategy be implemented successfully – including building a credible firewall that prevents the crisis from spreading, strengthening European banks, charting a sustainable path for Greece and tackling the structural issues at the heart of the current crisis.

Good.

We need to move ahead with our commitment to phase out subsidies for fossil fuels and transition to 21st-century clean-energy economies. As we promote the development that gives nations a path out of poverty, we can focus on the infrastructure, finance and good governance that unleash growth. Even as we work to save lives from the drought and famine in the Horn of Africa, we need to continue investing in the food security and agricultural productivity that make future famines less likely and communities more self-sufficient.

Very good.

[FrenchieCat]

2. I'm not surprised......

[Number23]

3. Nope. Everyone knows what's up around here

Have for some time