![]() President Barack Obama meets with Prime Minister Petr Necas of the Czech Republic in the Oval Office October 27, 2011. POTUS on Eurozone compromise![]() During a bilateral meeting in the Oval Office with the Prime Minister of the Czech Republic Petr Necas, President Obama reacted to today's announcement that the leaders of the European Union countries have come to a compromise over how to deal with Greece's debt crisis. Here's what the president said:
As reporters were being ushered out, the president was asked whether he thought the deal would help stave off a double-dip recession. He responded by acknowledging that "there has been progress," but what's needed now is "strong execution:"
President’s week ahead tips to global issues![]() WASHINGTON (CNN) - After spending a quiet weekend in Washington, including a round of golf on Saturday, President Obama faces a busy week ahead at the White House - a week in which he'll focus attention on issues overseas. The president will host three international leaders, discussing a variety of issues, ranging from the world economy to military operations in Libya and Afghanistan to Africa. On Monday, there are no public events scheduled for the president. President Obama will hold his monthly meeting on Afghanistan and Pakistan with his national security team. Obama taps GE chairman for new economic group![]() By CNN Wire Staff Washington (CNN) - President Obama announced the creation of an economic advisory council Friday that will be headed by Jeffrey Immelt, the CEO and chairman of General Electric. The President's Council on Jobs and Competitiveness will replace the Economic Recovery Advisory Board that was headed by former Federal Reserve Chairman Paul Volcker. Volcker's board helped pull the economy "back from the brink," Obama said. Immelt's panel will be charged with "putting the economy into overdrive." "Jeff's somebody who brings a wealth of experience to the table," Obama said. "We think GE has something to teach businesses all across America." Obama made the announcement while visiting a GE plant in Schenectady, New York. FULL STORYPresident Obama's Remarks at the End of EU Summit![]() Well, thank you very much. Good evening, everyone. It is a pleasure to be here with President Barroso and President Van Rompuy. I am proud to be here. I was proud to meet with the leaders of the 27 European member states during our summit in Prague last year. I was pleased to welcome President Barroso and the EU leadership to the White House last fall. I have been pleased to work with both Herman and Jose at the G20 context, and today marks our first summit under the EU’s Lisbon treaty. So - it was also wonderful to meet Cathy Ashton, who’s doing outstanding work. |
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