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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: World must 'pick up the pace' on crisis: Obama AFP - Thursday, April 2 LONDON (AFP) - - US President Barack Obama urged countries around the world Wednesday to "pick up the pace" as they race to agree solutions to the world economic crisis at Thursday's G20 summit in London. ADVERTISEMENT Obama said other countries could not afford to sit back and let the US, the world's biggest economy, drive growth around the whole world because it had its own problems to deal with. "If there's going to be renewed growth, it can't just be the United States as the engine," he told a press conference after talks in London with British Prime Minister Gordon Brown, the host of Thursday's summit. "Everybody is going to have to pick up the pace and I think that there is a recognition based on the conversations I've had with leaders around the world that that is important." Obama named the US's current account deficit as one of the problems his country had to "deal with internally". Just 24 hours before the summit, he and Brown also played down talk of a split between the US and European nations led by France and Germany on how best to tackle the crisis. Brown acknowledged there were some "tough negotiations ahead" but played down France's announcement that President Nicolas Sarkozy could walk out if the talks fail to agree on tougher financial sector regulation. France and Germany insist regulation is the best way to deal with the current crisis. The US, though, has emphasised the need for a coordinated global fiscal stimulus, prompting fears of a damaging split between some of the world's most rich and powerful countries which could wreck hopes for a strong G20 accord. As host of the summit, Brown is facing a struggle to unite all sides. Obama said any differences had been "vastly overstated" and urged all those involved to focus on their "common ground, not our occasional differences". "The G20 nations are appropriately pursuing their own approaches," he said. "We're not going to agree on every point. I came here to put forward ideas but also came here to listen and not to lecture. "Having said that, we must not miss an opportunity to lead, to confront a crisis that knows no borders." He also reassured families that the world would "get through this", urging them to act sensibly despite fears about the economic crisis so they "don't short-change the future because of fear at the present". As Brown and Obama discussed the summit, their wives Sarah and Michelle visited a cancer care centre in west London. The US president is also holding bilateral meetings Wednesday with Chinese President Hu Jintao and Russian President Dmitry Medvedev, both of whom he is meeting for the first time. Obama and the First Lady were also to have their first audience with Queen Elizabeth II and Prince Philip at Buckingham Palace. They were then to attend a reception at the palace for world leaders before a dinner at Downing Street when the politicians will talk politics while their wives will eat with celebrities in a separate room. Michelle Obama was expected to sit next to Harry Potter author J.K. Rowling at the dinner, which will be cooked by television chef Jamie Oliver. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Obama's Presidency World must 'pick up the pace' on crisis: ObamaAFP - Thursday, April 2 US to join UN rights body that Bush rejectedAFP - Thursday, April 2 G20 nations must focus on 'common ground': ObamaAFP - Thursday, April 2 Obama envoy visits Sudan amid pressure on BeshirAFP - Wednesday, April 1 Related Articles: World Obama's aunt's immigration case set for 2010AP - 1 hour 17 minutes ago Mom accused of daring young teens to chug vodkaAP - 1 hour 19 minutes ago Libya: death toll tops 200 for drowned migrantsAP - 1 hour 20 minutes ago Taliban attack Afghan council, 13 deadAFP - 1 hour 25 minutes ago US, Russia say they want to reduce nuke warheadsAP - 1 hour 29 minutes ago Enlarge Photo US President Barack Obama is greeted by British Prime Minister Gordon Brown outside No. 10 Downing Street in London. Obama has urged countries around the world to "pick up the pace" as they race to agree solutions to the world economic crisis at the G20 summit on April 2. Related Photos Slideshow US elections 2008 Related Full Coverage Obama's Presidency What change will Obama bring? Will it affect the rest of us globally? All Full Coverage Most Popular – World Viewed Hot tea linked with throat cancer Global recession pushing millions into poverty US home prices 'in record freefall' French workers hold managers at Caterpillar 100,000 secular Britons seek 'de-baptism' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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