One foreign policy crisis this week brought action from President Obama, another only silence.
As Europe’s economy teetered, Obama held a video-conference call with the leaders of Germany, France and Italy and dispatched his top Treasury official to the continent in the hopes of averting a collapse that could carry the American economy down with it. The poor monthly jobs report released Friday underscored the political stakes for Obama in preventing a European collapse, which would drive down demand for U.S. exports.
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