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United States
President Barack Obama spoke to Prime Minister Manmohan Singh over phone
and discussed regional and international issues of mutual interest,
including the raging Eurozone crisis.The
two leaders agreed to work to strengthen the global economy to cope
with shocks from the Eurozone, the White House said in a statement on 14
June.
"The
leaders agreed on the importance of steps to strengthen the resilience
of the global economy in response to persistent risks in the Eurozone
and elsewhere and on focusing on measures to boost global growth," the
statement said.
The
President and the Prime Minster also agreed to work closely together
towards a successful two-day G-20 Summit in Los Cabos, Mexico, from June
18.
The
summit is likely to be dominated by the crisis in Europe, which -
combined with slowing growth in China and India - poses a threat to the
world economy.
The
ongoing European sovereign debt crisis has made it difficult or
impossible for some countries like Greece and Spain in the euro area to
re-finance their government debt without the assistance of third
parties.
The
call between the two leaders came after US Secretary of State Hillary
Clinton held the third US-India Strategic Dialogue with visiting
External Affairs Minister S M Krishna.
On
11 June, the US exempted Indian and six other countries from tough new
sanctions after they cut back on oil imports from Iran. 
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