Obama, EU leaders meet amid European debt concerns

November 28, 2011 - 1:05 PM

WASHINGTON (AP) — President Barack Obama and European Union leaders are meeting at the White House amid financial instability in Europe that could threaten the U.S. economy.

The day-long summit comes as analysts warn that the euro could be days away from collapsing. The U.S. maintains that Europe has the capacity to address its financial woes, but officials acknowledge that economic problems in Europe can negatively impact the U.S.

The White House says other topics on the agenda at the U.S.-E.U. summit include supporting democracy in the Middle East and North Africa, cooperation on counterterrorism and transatlantic law enforcement, and Iran.

The European Union is being representing in the meetings with Obama by European Council President Herman Van Rompuy, European Commission President José Manuel Barroso, and High Representative Catherine Ashton.