Obama, World Leaders Tout Economic Growth After G8 | WAMU 88.5 - American University Radio

WAMU 88.5 : Morning Edition

Filed Under:

Obama, World Leaders Tout Economic Growth After G8

At the end of the G8 summit he hosted at Camp David this weekend, President Barack Obama reached agreement with leaders of other top economic powers to call for some economic stimulus in Europe, even while the Eurozone continues its commitment to reducing debt, according to a report from Associated Press.

Leaders acknowledged that the solution might be different for each European nation, given their different economic realities. The officials issued a joint summit statement after Saturday's talks that emphasized the urgency with which all Eurozone countries must contain the current financial crisis. 

In remarks at the end of the summit, President Obama emphasized the importance of economic stimulus; something he deployed in the U.S. in 2009 to fight the foundering economy. "As all the leaders here today agreed, growth and jobs must be our top priority," the president said in prepared remarks. "A stable, growing European economy is in everybody’s best interests — including America's."

The statement also dealt with oil reserves and putting pressure on Iran; leaders agreed to a release of oil reserves if necessary to counteract a disruption in supply that could occur as a result of tough new sanctions expected to be imposed on Iran. 

The Group of Eight summit includes leaders of the United States, Japan, Britain, Germany, France, Italy, Canada and Russia. 

NPR

Message From Documentary 'Citizenfour': Be Afraid (Of Surveillance)

Ken Turan reviews the documentary Citizenfour from filmmaker Laura Poitras about Edward Snowden and his decision to leak information about the National Security Agency's surveillance activities.
NPR

How 'Foodies' Were Duped Into Thinking McDonald's Was High-End Food

A viral video shows people lauding fare billed as an "organic" fast-food option that was actually McDonald's. It wasn't just pranksters playing tricks on these poor folks, but maybe their brains, too.
NPR

With Biden By His Side, Maine Democrat Mines For Blue-Collar Vote

Embattled Democrat Rep. Rick Nolan, who represents Minnesota's Iron Range, gets a campaign visit from the administration's blue-collar vote whisperer, Joe Biden.
NPR

Calling 911 On Your Cell? It's Harder To Find You Than You Think

If you call 911 from inside a tall building, emergency responders may have difficulty finding you. Cellphone GPS technology currently doesn't work well indoors — but the FCC hopes to change that.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.