Obama on Greece

The White House reports that President Obama has called the Prime Minister Papandreou of Greece to support the economic reform plan of Greece, the reform plan was a condition of the bailout from the EU/IMF. The President stated the following to the Greek Prime Minister, ".....He welcomed the ambitious reform program announced by the Greek authorities, as well as the significant support that was agreed to by the IMF and Eurozone members. The two leaders discussed the importance of implementation going forward. " The Oval is concerned that should Greece go down this could take down Spain, Portugal, Italy and Ireland, this would have damaging effect on the Western Economy, also the US after the passing of ObamaCare could be facing the same dangers to its economy as Greece down the line. A bankrupt Greece would show that ObamaCare would need to be repealed by the Republicans, thus Obama is hoping that Greece does not go down for its own sake and his Presidency.