President Barack Obama, drained with a long confrontation with the enemy and domestic U.S. recovery is slow, head over to Europe on Wednesday to urge the leaders to remain steadfast in the midst of the economic woes of their own.
At the G20 Summit early in the Swish Southern Cannes, France on Thursday, Obama will test whether his own political weight was reduced at home would undermine its economic influence abroad as he girds going forward.
Obama has pressed behind the scenes for a strong Europe responds to the regional debt crisis threatened to spiral into a global financial contagion, and although the market some doubts, welcomes the EU’s debt accord last week.
Lael Brainard, Deputy Secretary of the Treasury for International Affairs, said Obama still believe Europe has the capacity and resources to cope with the economic woes.
“The challenge facing Europe have important implications for the u.s. economy and global economy,” said Brainard. “The EU is critical to global stability anchor and the largest single trading partners.”