14 Aug '11, 5am

Australia PM says US can regain economic momentum

Australia PM says US can regain economic momentum

SYDNEY: Australian Prime Minister Julia Gillard has backed the United States to resolve its economic woes, but acknowledged that too often it takes a crisis in Washington to prompt decisive action. Addressing an Australian-American Leadership Dialogue dinner in Perth late Saturday, Gillard said the world had felt the effects of the global financial crisis and was now watching as the US faced "a great test". "We watch with a sincere desire to see your mighty country's economy regain its momentum," Gillard told an audience of Australian and American political, finance and military figures, including World Bank President Robert Zoellick. "I do have faith in the ability of the United States to get its economic house in order even if, too often for comfort, it takes a crisis to force decisive action." Gillard said that regaining its economic strength was vital to America holdin...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific/vi...

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