The European Debt Crisis

President Obama’s meeting with Prime Minster Petr Necas of the Czech Republic came in the wake of an announcement that European leaders reached an agreement to cut Greek debt and solve the Eurozone crisis.

Before his trip to the White House, Prime Minister Necas had been involved with those talks in Brussels.

In a statement, President Obama pledged to support our allies Europe:

We welcome the important decisions made last night by the European Union which lay a critical foundation for a comprehensive solution to the Eurozone crisis. We look forward to the full development and rapid implementation of their plan. We will continue to support the EU and our European allies in their efforts to address this crisis as we work together to sustain the global recovery and put our people back to work.

Speaking to reporters with the prime minister, President Obama reiterated those remarks.

“I think they made significant progress over the last week,” he said. “The key now is just to make sure that it drives forward in an effective way

President Barack Obama holds a bilateral meeting with Prime Minister Petr Necas of the Czech Republic, in the Oval Office, Oct. 27, 2011. (Official White House Photo by Pete Souza)

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