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All countries need to take steps to lift economy: Obama

world Updated: Mar 25, 2009 07:37 IST
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Denying that he had asked the European nations to spend too much to stimulate their economy, the US President Barack Obama has asserted that all the countries of the world would have to take steps to successfully fight the current global crisis.

"I haven't asked them (European countries) to do anything," Obama said in response to a question at his second prime time live press conference at the White House on Tuesday night.

"What I've suggested is that all of us need to take steps in order to lift the economy. We don't want a situation in which some countries are making extraordinary efforts and other countries aren't, with the hope that somehow the countries that are making those important steps lift everybody up," he said.

"And so somebody's got to take leadership," Obama argued.

"It's not just me by the way. I was with Kevin Rudd, Prime minister of Australia today, who was very forceful in suggesting that countries around the world, those with the capacity to do so, take the steps that are needed to fill this enormous hole in global demand," he said.