Word: european
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...European vacation it is not. Over the next week, President Barack Obama will board his plane anew nearly every day so that he can attend individual meetings with at least 17 political leaders from 11 nations and appear at summits and forums in five countries to discuss international economic recovery, national security, cyberthreats and global warming. He will have tea with a Queen (England) and a private chat with a King (Saudi Arabia) and will convene a roundtable with students (Turkey...
...real controversy comes with the next questions: Which government, and by how much? Economists at the International Monetary Fund have recommended globally coordinated stimulus spending of about 2% of GDP to counteract the recession. But so far, that challenge has only been accepted to varying degrees. As a group, European countries, including members of the G-20 like France and Germany, have proposed lower rates of stimulus spending, both this year and next, raising concerns at the White House...
...continues. "We don't want a situation in which some countries are making extraordinary efforts and other countries aren't, with the hope that somehow the countries that are making those important steps lift everybody up," Obama said last week, in a prime-time press conference. But so far, European leaders have resisted the call for more stimulus. German Chancellor Angela Merkel has said she does not want to be bogged down by "artificial discussions" of fiscal stimulus, and like many of her peers would prefer to focus on fashioning a new regulatory structure to make sure the excesses...
...Rather than confront this conflict head-on, both the Obama Administration and European leaders have agreed to effectively dodge the issue for now by adopting language, in a draft communiqué, that pledges all nations to take "whatever action is necessary until growth is restored." At the same time, White House aides have been arguing in recent weeks that the glass is half full, and that the real test will come only if a second round of stimulus efforts is needed. "There's been an unprecedented coming together around stimulating the global economy," says Michael Froman, one of Obama...
...request specific aid. "We are making very specific asks," said Michelle Flournoy, an Under Secretary of Defense for Policy, who has been working on the Afghanistan plan. Obama plans to make a public pitch for international aid both at the NATO summit in Strasbourg on Friday and at the European Union summit in Prague on Saturday...