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By Alister Bull
MOUNTAIN VIEW, Calif., Sept 26 U.S. President
Barack Obama said on Monday the debt crisis in Europe was
"scaring the world" and that leaders in the euro zone were not
dealing with the issue quickly enough.
The recovery of the U.S. economy suffered setbacks this
year due to problems around the world, Obama said, including
the Arab Spring uprisings that drove up energy prices and
worries about the financial health of European nations.
"They have not fully healed from the crisis back in 2007
and never fully dealt with all the challenges that their
banking system faced. It is now being compounded with what is
happening in Greece," Obama said at a "town hall" public
meeting in Mountain View, California.
"So they are going through a financial crisis that is
scaring the world and they are trying to take responsible
actions but those actions haven't been quite as quick as they
need to be."
Obama, on the West Coast to raise funds for his re-election
campaign in 2012, has seen his approval ratings hit by worries
over persistently high unemployment above 9 percent and fears
the United States could slide into another recession.
The Democratic president, who pushed through an $800
billion economic stimulus plan in 2009, has set out a new $447
billion plan to create jobs and cut taxes for small businesses
but has faced fresh opposition from Republicans.
(Additional reporting by Laura MacInnis; Writing by John
O'Callaghan; Editing by Eric Walsh)