Obama's Fate, Europe's Woes Conjoin at G-20 Summit

Washington. Barack Obama heads to the G20 summit on Sunday, in the knowledge that his presidency may depend on swift, sweeping action by his European counterparts to contain their financial contagion. A collapse of the euro, or financial spillover that could spook US markets, could move closer after Greece’s election on Sunday, and has the potential to further weaken the tepid US recovery before Obama seeks re-election in November. Washington does not expect Europe to use the talks in Mexico to finalize measures it will take to quell the raging crisis, partly because only euro zone leaders from France, Germany, Italy and top EU officials will attend. But they do expect a clear signal at the...