US and Germany

White House: Readout of Telephone Exchange between President Obama and Chancellor Merkel of Germany. As President Obama faces a tough re-election fight next year he needs the US and World economy to grow, this is what both leaders discussed, “ The President and German Chancellor Merkel spoke by phone today, continuing their close consultations about the global economic situation, the Eurozone crisis and recent developments in financial markets. The two leaders agreed on the importance of concerted action, including through the G20, to address current economic challenges and to spur growth and job creation in the global economy. ”. The general agreements on those that follow the Euro crisis closely is that Germany should agree to a Euro Bond, that Germany would be the banker for the Eurozone Countries. This wont fly in Germany, as German voters understand that if Germany agrees to this move the weak countries of the Euro will never reform, they will never cut spending, Germany would be the bank of first resort. This wont fly with this voters, as they will pay taxes to fund the PIIGS.