The FINANCIAL -- The United States pressed
European Union leaders for more steps to stabilize the economy at their
summit this week and called for further action to stimulate growth in
the euro area.
"We believe the Europeans have the capacity to resolve this crisis," White House spokesman Jay Carney said ahead of the EU leaders summit on Thursday and Friday in Brussels.
"We continue to believe that Europe and eurozone leaders have taken a number of very important steps, and need to take more steps towards stabilizing the situation and resolving the crisis," Carney said.
The US also remains convinced that "Europe needs to take action to address the need for growth, the need for job creation," Carney added.
According to EUbusiness, EU leaders will meet from late Thursday to weigh deep reform proposals on the eurozone's banking sector and region-wide rules on fiscal discipline, with the aim to put a halt to the deep erosion in confidence in the region.
Carney said Washington understands that resolving the deep problems behind the eurozone crisis is an evolving process, and that no one meeting can address them all.
"There is consensus on the need to take steps for fiscal consolidation and other measures to stabilize the situation in the eurozone," he said.
"Our role has been to help support that process, to offer the advice that comes from the experience we had in the United States."