The US, UK and France - Eurozone Crisis

White House: Readout of a telephone chat between US President Barack Obama, UK Coalition PM David Cameron and President Sarkozy of France. The highlight of the chats is the discussion on the Eurozone Crisis, the readout states the following, “ ..the President spoke by phone separately with British Prime Minister David Cameron and French President Nicolas Sarkozy, continuing his close consultations with these key allies about the situation in the eurozone. Prime Minister Cameron and President Sarkozy agreed with the President that decisive action is needed in order to finally resolve the crisis and assure economic recovery, both within the euro area and beyond it. The President will continue to closely coordinate with his European counterparts on this issue in the run up to the October 23 EU Summit and the November 3-4 G20 Summit. ”. Two of the leaders, Obama and Sarkozy have elections next year, they are down in the polls, thus both need economic growth, and in the US case for unemployment to go down. In the case of France there needs to be a deal on Greece, France has banks that could go under if Greece goes down the toilet. It can be argued that both Obama and Sarkozy are on the way out, of the three its only PM David Cameron that does not face election in till 2015. Thus with the military action in Libya and the UK keeping its credit rating in 2013 PM Cameron could be the senior leader on the world stage.