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Obama Gives Encouraging Speech to Struggling Irish
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FBN's Rich Edson on the president's week-long trip to Europe, and his speech to the Irish people.
- Duration 2:40
- Date May 23, 2011
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FBN's Rich Edson on the president's week-long trip to Europe, and his speech to the Irish people.
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-- long trip to Europe today with the stop and Arlen.
The trip comes as expressed concerns about Europe's debt crisis is rattling investors all around the world.
-- -- is traveling what the president and he joins us now rich.
-- charts here in Europe President Obama was greeted by thousands of folks here in Ireland wanted to shake his hand some.
Pretty dusty and blustery winds frigid winds which I'm told is pretty typical here Ireland.
And another European debt crisis or -- debt crisis that's continuing to fester in some cases is even getting worse than the downgrade of Greece.
There was the downgrade of the Italian outlook this morning and things seem to be getting worse when you look at Ireland though there are.
Some pretty tough spots fourteen point 7% unemployment.
Housing market that continues to fall but there are some bright spots for the first time this year in the last three years is projected.
To be economic growth GDP growth this country in that.
-- President Obama giving these folks some words of hope that was.
-- But -- -- children expect that the big.
Because I noticed precise.
And -- like being.
In times of great challenge.
-- -- -- -- -- When we -- -- member who we truly are.
-- according to local reports with the Irish were indeed looking for was some assistance from the United States.
To get them to try to push or at least join with them.
To get a reduction in the interest rates the Irish are currently paying on their EU and IMF loans -- five point 8% that's more than with the Greeks are paying at five point 2%.
White House officials and Irish officials wouldn't concern would not confirm that that offer was made -- that question was asked for the US government.
Whether the US government was receptive to that he was asked Charles your money back to -- -- before we let you go you said it's typically windy there it's also seem like there's typically a crisis is over a year bodes well.
So what's on the agenda for the rest of the president's trip.
Well already we have an agenda change because of that Icelandic volcano presidents get aboard Air Force One get out of town -- night.
It's going to London tomorrow meets with the queen beats of the prime minister the opposition government there for the next couple of days.
That he heads over -- G-8 in France and then on to Poland we're told the Irish meetings here are the English meetings tomorrow will mostly focus on.
-- efforts in know -- the Middle East and of course the debt crisis EU IMF.
Although it's going on financially and economically here in Europe.
Yeah.