June 20, 2012 at 16:11 PM EDT
President Obama Speaks at the End of the G20 Summit
After two days of policy discussions and meetings with leaders from the world's major economies, President Obama held a press conference to discuss his takeaways from the G20 Summit. The ongoing economic crisis in Europe was a central focus of the top-level conversations. "[This] has been an opportunity for us to hear from European leaders on the progress they’re making and on their next steps -- especially in the wake of the election in Greece," he said. "It’s also been a chance for the international community, including the United States -- the largest economy in the world, and with our own record of responding to financial crises -- to stress the importance of decisive action at this moment." The President stressed that it's important for Europeans to take ownership over the situation, and said that leaders from the continent understand the stakes and are ready to take the steps necessary to secure stability and growth. But he also said that the United States could do more to bolster the global economy. "As the world’s largest economy, the best thing the United States can do is to create jobs and growth in the short term, even as we continue to put our fiscal house in order over the long term," he said. Read President Obama's full remarks, including his answers to reporters, here . Or check out a photo gallery of images from the Summit. Click here to see the photo gallery. read more
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