Closed captioning of: Obama urges G8 leaders to drive economy
as though protests continue in the
, the president and seven other
are finishing up their work at
, maryland, where they have been tackling the
in greece and across
along with tensions in iran and the price of oil. nbc's mike vickara reports.
with the economy in
again on the brink and fear that the contagen could spread here,
looks at new ways to spur growth.
growth and jobs must be our top priority. a stable growing
is in everybody's best interest.
as the president welcomed leaders to the
camp david summit
, a reminder that
can change the political landscape. three new leaders from italy, japan, and francis
, in office just a week, were greeted by mr. obama. while the german leader
, leader of
's biggest and strongest economy, was somber. among the greek bail-out deal made in exchange for deep domestic spending cuts now in doubt after greek voters ousted their leaders. the result? turmoil that many believe will lead to a greek exit from the
. today leaders here insist that will nothappen. mr. obama has a new ally in hollande, who road to victory in part thanks to an anti-austerity backlash, but so far no concrete agreement.
has a huge stake in it because if
blows up in a serious manner in the next few months, it will have knock-on condefenses on global
, on the u.s., and on his election.
another danger, the price of energy. sanctions on iranian oil going to force this summer bringing fears of another price spike. in an unusual move made to calm worried markets. today allies broadly hinted they will release strategic reserves if needed.
they are ready to act.
and, lester, as the president was here at
meeting with g8 leaders, first lady
was back at the
. she had a lunch featuring
vegetable from their own garden. lester.