Obama discusses debt-crisis, Syria with Spain, Italy
August 9th, 2011 - 6:59 am ICT by IANS
Washington, Aug 9 (IANS) US President Barack Obama called up leaders of Spain and Italy over the euro zone debt crisis and the situation in Syria, the White House stated.
In his separate phone calls to Spanish Prime Minister Jose Luis Zapatero and Italian Prime Minister Silvio Berlusconi, Obama talked about the latest developments in the euro zone crisis, Xinhua reported Tuesday.
“The president welcomed the measures pursued by Spain and Italy to address their immediate economic challenges and improve their competitiveness,” the White House stated.
The debt crisis in the euro zone, which started in Greece, is spreading to Italy and Spain, the euro zone’s third- and fourth-largest economies.
Berlusconi promised to bring forward an austerity budget plan, aiming to achieve a balanced budget by 2013, a year ahead of the original schedule, while Spain has launched reforms to strengthen bank balance sheets, cut spending, open up the labour market, raise the retirement age and sell off assets.
On Syria, the three leaders condemned the Syrian government’s “continued use of indiscriminate violence” against the Syrian people, and agreed to consult further on additional steps to pressure the government and support the Syrian people’s “democratic aspirations,” the White House said.
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- `Italy is in recession' - Feb 16, 2012
- Berlusconi embarrasses Spanish PM by walking out of press conference - Jun 11, 2010
- Joblessness climbs in Spain - Dec 03, 2010
- Spanish PM for higher taxes on the rich - May 27, 2010
- Italy approves economy stabilisation law - Nov 13, 2011
Tags: austerity, balanced budget, bank balance, barack obama, budget plan, debt crisis, democratic aspirations, economic challenges, euro zone, indiscriminate violence, italian prime minister, jose luis zapatero, labour market, largest economies, prime minister silvio, prime minister silvio berlusconi, retirement age, silvio berlusconi, spanish prime minister, syrian government