21 June 2010
Ottawa, Ontario
Prime Minister Stephen Harper spoke by phone this afternoon with Barack Obama, President of the United States. The two leaders discussed the upcoming G-8 and G-20 summits.
President Obama welcomed Prime Minister Harper’s call for accountability at the G-8, and looked forward to a productive discussion on Iran and other global security challenges.
On the G-20, Prime Minister Harper and President Obama agreed with the need for G-20 countries to follow through on their stimulus plans, while also presenting credible plans on fiscal consolidation. Both leaders welcomed China’s recent action on its exchange rate.
Prime Minister Harper and President Obama agreed with the need to focus on reforms to bank capital levels and leverage ratios in order to prevent another crisis.
Prime Minister Harper ended the call by telling President Obama that he looked forward to welcoming him to Muskoka and Toronto at the end of the week.
