Obama: Euro Crisis Could Affect My Re-election

Austerity
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"The eurozone has a serious problem, but it is certainly not the only imbalance in the world economy," Italian Prime Minster Mario Monti said. He said the United States' own financial problems were mentioned in G-20 talks "by almost everybody, including President Obama."

European Commission President Jose Manuel Barroso took an aggressive tone with reporters Monday, also pointing some blame at North America and saying, "Frankly, we are not coming here to receive lessons in terms of democracy."

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