Obama urges swift implementation of Europe plan

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Obama urges swift implementation of Europe plan
WASHINGTON (MarketWatch) - President Barack Obama on Friday again put pressure on Europe to continue to hash out details of its debt deal. In an op-ed in the Financial Times, Obama wrote the Europe debt deal reached in the early hours of Thursday made important progress on a strategy to restore confidence in European financial markets. "Given the scope of the challenge and the threat to the global economy, it is important for all of us that this strategy be implemented successfully," Obama said. The crisis "must be resolved as quickly as possible," he added. The firewall designed to keep the crisis from spreading from Greece to other countries must be "credible," he added. The president will travel to Cannes, France next week to attend the Group of 20 leaders summit.