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U.S. calls for more steps to solve eurozone crisis

06-05-2012 09:12 BJT

WASHINGTON, June 4 (Xinhua) -- The White House on Monday called on the European countries to take more steps to solve the worsening eurozone crisis, saying the markets view the measures being taken so far as insufficient.

"There's no question that markets remain skeptical that the measures taken thus far are sufficient to secure the recovery in Europe and remove the risk that the crisis will deepen," White House spokesman Jay Carney said at a briefing.

"So we obviously believe that more steps need to be taken," he said.

The spokesman for U.S. President Barack Obama said that the administration has been discussing with its European counterparts on the "difficult steps" need to be taken, including "strict stress tests" for the banks and requirement for them to raise capital, which were both the measures being taken by the United States during the 2008-2009 financial crisis.

A recent gloomy job data in the United States and the uncertainty of the European debt crisis have raised doubts on the recovery of the U.S. economy. It is critical for Obama, who is locked in a neck-and-neck race with his Republican presidential rival Mitt Romney, to prevent the worsening eurozone crisis from dragging the growth in America and hence, affecting the election.

Days ago, Obama sent Lael Brainard, the Under Secretary of Treasury for International Affairs, to Greece, Germany, Spain and France, the four key players in the eurozone crisis. Many believe that Washington is increasing pressure on the Europeans to take more decisive measures.

"In his conversations, and obviously the conversations that Secretary Geithner, as well as Lael Brainard and others, have had with their counterparts, they've discussed how some of those lessons that we learned here might be applied in Europe," Carney said.

Editor:Wang Xiaomei |Source: Xinhua

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