GLOBAL IMPACT

Obama: Euro Stresses Economy

But predicts the euro will survive.

President Obama is gearing up for a tough next couple of months, as the world economy is poised to continue to feel the effects of the European debt crisis, but he predicts that the euro will ultimately survive. “I don’t think that the Europeans will let the euro unravel, but they are going to have to take some decisive steps,” the president said while fundraising in New York Monday. “I am spending an enormous amount of time trying to work with them, and (Treasury Secretary) Tim Geithner is trying to work with them ... The sooner they take some decisive action, the better off we’re going to be.” The United States’ high unemployment rate and slow-growing economy have posed a challenge to Obama’s reelection campaign. “We’re going to have some continued headwinds over the next several months,” Obama predicted. “Europe is still a challenge.”