Obama says 'emerging consensus' on eurozone

By Jim Kuhnhenn

Associated Press

Published: Saturday, May 19 2012 12:00 a.m. MDT

CAMP DAVID, Md. — President Barack Obama says there's an "emerging consensus" that more must be done to promote jobs growth in Europe as the continent faces a daunting debt crisis.

Obama told reporters at the end of the G-8 meeting Saturday at Camp David in Maryland that he and leaders of seven other major industrial nations agree that "growth and jobs must be our top priority" and a stable, growing European economy is in everyone's best interest.

Obama says the world leaders made progress on a number of international issues, including Iran, Syria and North Korea.

Addressing shaky oil markets, the leaders set the stage for a broad release of national oil reserves to address any disruption in the world markets when tough new sanctions kick in on Iran's oil exports.

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