13 Sep '11, 2am

The world economy will remain weak until the euro zone crisis is resolved, US President Obama warned

The world economy will remain weak until the euro zone crisis is resolved, US President Obama warned

US President Barack Obama warned on Monday the world economy would remain weak until the euro zone crisis was solved, as market anxiety mounted over debt woes in Greece, Spain and Italy. -- PHOTO: AP WASHINGTON (AFP) - US President Barack Obama warned on Monday the world economy would remain weak until the euro zone crisis was solved, as market anxiety mounted over debt woes in Greece, Spain and Italy. In a roundtable interview with Hispanic journalists, Mr Obama said that the United States was working with European states and authorities to help craft packages for vulnerable economies. 'We will continue to see weaknesses in the world economy, I think, so long as this issue is not resolved,' Mr Obama said. 'It will be a significant topic for the G-20 meeting that takes place in November,' he said, referring to a meeting to be hosted by France. Mr Obama said that Washington...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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