21 Feb 2012

Summary of Obama’s Call with Germany’s Chancellor Merkel

The White House releases a summary of the February 21 phone call between President Obama and German Chancellor Angela Merkel in which they discussed the latest developments concerning the financial situation in the eurozone.

THE WHITE HOUSE
Office of the Press Secretary
February 21, 2012

Readout of the President’s Call with Chancellor Merkel of Germany

The President and German Chancellor Angela Merkel spoke by phone this morning to discuss the latest developments concerning the financial situation in the eurozone. The President thanked the Chancellor for her leadership and welcomed last night’s agreement in Europe on a new rescue program for Greece to help reduce its debt to sustainable levels. The President and Chancellor agreed that the planned EU fiscal pact, recent actions by the European Central Bank and reforms by Spain and Italy have also been positive steps in addressing the eurozone crisis. The President and the Chancellor also discussed preparations for the upcoming G-8 Summit and agreed that the emphasis should be on growth and jobs.

Washington Updated:

2012-02-21 21:14:34 GMT

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