Obama weighed into Europe's debate about whether to restructure Greek debt, saying it would be "disastrous" for the US if the crisis led to "an uncontrolled spiral and default in Europe".
Mr Obama was speaking at the White House alongside Angela Merkel, the German chancellor, who is under intense pressure at home to ensure that private sector creditors contribute to a second rescue of Greece.
The president hailed German leadership in tackling the eurozone’s debt crises. But in warning against default he appeared to side with the European Central Bank, which fears a restructuring of Greek debt could unleash a financial crisis.
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