Political Headlines May 20, 2012: President Obama Sees ‘Emerging Consensus’ on Eurozone Economic Rescue at G8 Summit




Obama Sees ‘Emerging Consensus’ on Eurozone Rescue

Source: ABC News Radio, 5-20-12

Jewel Samad/AFP/GettyImages

There were a couple new faces in town at the annual Group of Eight summit, and a couple new allies for President Obama, who has been urging Europeans to follow America’s lead. And with 4 million jobs created in the United States in last 26 months, the Europeans are listening.

The global economy dominated the day, and while no bold, specific steps were laid out, a broad, shared path was embraced by the G-8 leaders Saturday at Camp David.

The president continues to argue that in the middle of the economic crisis, the U.S. went one way, spending on stimulus for growth, and the Europeans went the other, with austerity and spending cuts….READ MORE

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