U.S. President Barack Obama (from) and Barack fed chairman Ben Bernanke (Ben Bernanke s.) and the government economic adviser said after talks, although the economy is due to the eurozone sovereignty debt crisis of the related concerns emotions and faced “wind”, but the American economy is still growing.
Obama said: “at the White House on Tuesday in many fields, we’ve seen some very favorable trend. Unfortunately, because we have seen a lot of difficulties in the euro area, so the American market in many parts of the unfavorable factors exist and tension.” Bernanke says he and Mr Obama talked about the eurozone sovereignty is how to debt crisis of the U.S. economic problems caused by impact, but fails to explain.
Bernanke said: “in the global scope, emerging markets and the eurozone market of what happened was on the U.S. economy. For us, in the global economy to discuss questions of globalization Angle is a very important thing.”
But bernanke, attend the meeting and finance minister Timothy Geithner, Timothy (cap), the state Economic commission (National Council have Lawrence Summers) President Lawrence Summers), the White House (the office of management and budget director Peter Oswald ze (Peter Orszag) and the vice President Donald Cohen (Donald Kohn), etc.
Before this, Mr Obama has just on June 27, 20 countries attended the summit, Toronto, group leaders at the summit agreed, agree to the group members in developed economies will in 2013 before cutting the deficit in half, and will start in 2016 and stable domestic debt before the ratio of GDP.
On a global economic recovery process of fear has caused the credit market pressure. Data shows, corporate debt issued last week dropped 3.8%, to $386. According to American Bank Merrill Lynch Merrill Lynch off (of) on the index compiled data show that the us Treasury record since 1995, the best performance by June 24, return to 5%, the reason is in Greece and Spanish sovereignty credit rating was cut, investors are the euro-zone markets outside investment opportunities.
Before this, the European Union has promised amount nearly $1 trillion of aid, the purpose is to stabilize the market mechanism and provide support for the euro. So far this year, the euro against the dollar, 0.0020, before closing 0.16% up 1.2210 (14%) rate has fallen, because investors worry that a Greek sovereignty debt crisis is spreading
