Reuters: Regulatory News: Obama: Europe recession would affect US recovery

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Obama: Europe recession would affect US recovery Jun 8th 2012, 15:00 WASHINGTON, June 8 | Fri Jun 8, 2012 11:00am EDT WASHINGTON, June 8 (Reuters) - U.S. President Barack Obama said on Friday a recession in Europe would affect the pace of the U.S. recovery, and said Washington is being careful not to "scold" Europe or tell European leaders what to do. However, he said the U.S. financial system has been put on a much more solid footing and can absorb shocks from Europe. "They can absorb some of the shocks that come from across the Atlantic," Obama told reporters.

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