Obama warns market turmoil to continue over Europe

17.11.2011 [16:04]
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Baku, November 17 (AZERTAC). US President Barack Obama on Wednesday said he was deeply concerned about the Eurozone crisis and market turmoil would continue until Europe has a concrete plan to deal with its sovereign debt woes.

Obama`s comments added to a chorus of non-European policymakers urging greater action to deal with the two-year-old crisis, and came as equity markets fell in response to a sell-off in Eurozone bond markets.

“Until we put in place a concrete plan and structure that sends a clear signal to the markets that Europe is standing behind the euro and will do what it takes, we are going to continue to see the kinds of market turmoil we saw,” Obama told a news conference in the Australian capital of Canberra.

Obama warns market turmoil to continue over Europe

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