President Barack Obama is stepping up pressure on Chancellor Angela Merkel of Germany at the G8 meeting in Camp David this weekend to back a package of euro-zone measures to stimulate jobs and growth and to loosen austerity measures in Europe or risk plunging the global economy – and America - back into recession. The summit comes at a key time for the President six months before Americans decide whether to return the him to the White House in an election that will be decided largely on whether his handling of economy - with its emphasis on stimulus spending, not austerity - is seen to be working. Mr Obama yesterday made clear his determination not to allow Europe to drag him down
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