the WHITE HOUSEPresident Barack Obama

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The White House
Office of the Press Secretary
For Immediate Release

Readout of the President's Call with Chancellor Merkel of Germany

The President and German Chancellor Angela Merkel spoke by phone this afternoon, continuing their ongoing consultations on the financial situation in the eurozone.  As before, the President expressed his appreciation for the efforts the Chancellor and other European leaders are making to resolve the crisis. Both leaders agreed on the importance of a lasting and credible solution to the crisis, and agreed continue their close cooperation on these issues.