Obama: Greece, facing bad days, has US as ally

Associated Press – WASHINGTON (AP) — President Barack Obama stood with Greek Prime Minister George Papandreou on Tuesday and pledged that the United States would work with its ally, even as Greece’s enormous debts sparked frenzied trading. Papandreou said he outlined European proposals in his White House meeting and Obama reacted positively to European ideas about cracking down on currency speculation. He also said the issue would be discussed at the next meeting of the Group of 20 summit of leading and emerging economies in June. Read Article

Tags: banks, Europe, financial system, politics