US President Barack Obama on Tuesday asked Spain for "resolute action" to stem its widening deficit, in order to regain market confidence in the eurozone and avoid a spill-over effect from Greece.
"President Obama and Spanish President Jose Luis Rodriguez Zapatero ... discussed the importance of Spain taking resolute action as part of Europe's effort to strengthen its economy and build market confidence," the White House said in a statement.
Washington is backing austerity measur...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login