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G-20 Summit Held-Debt Crisis Front and Center

FILE -- In an Oct. 20, 2011 file photo President Barack Obama speaks in the Rose Garden of the White House in Washington. (AP Photo/Pablo Martinez Monsivais/file)

FILE -- In an Oct. 20, 2011 file photo President Barack Obama speaks in the Rose Garden of the White House in Washington. (AP Photo/Pablo Martinez Monsivais/file)

The debt crisis in Greece is casting a shadow across Europe -- and is front and center at the G-20 summit in Cannes, France. President Obama and other world leaders are there trying to figure out how to keep another global economic crisis at bay. Danielle Nottingham reports from the White House.

President Obama greeted other world leaders deep in discussion about global economic trouble.

They're all in the south of France for the G-20 summit. The President - and his international counterparts - are pushing European officials to move quickly to shore up their economies.

President Obama said, "The most important aspect of our task over the next two days is to resolve the financial crisis here in Europe."

Debt drama in Greece is at the center of this year's summit. Other European countries agreed to a 178-billion dollar bailout. It seemed like a done deal -- until the Greek prime minister decided to put it to a popular vote. Now.. according to the Associated Press.. Greek officials are scrapping that plan

White House officials are watching the situation closely. Serious economic trouble in Europe could spread to the U-S -- and hit the American economy, just as it's starting to show signs of growth.

President Obama said, "The united states will continue to be a partner with the Europeans to resolve these challenges."

A short distance from the summit site -- protestors took to the streets.

This group says, their goal is to disinfect greedy banks. The demonstrators want the G-20 nations to redistribute the world's wealth -- and help less fortunate countries.

While the debt crisis remains at the center of the G-20 talks, the leaders also hope to talk about reforms to the international monetary system, commodity prices, and food security during the two-day summit.


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