US President Barack Obama smiles while he speaks about the economy on June 8, 2012, at the White House in Washington, DC. Obama said Friday that Europe's leaders "understand the urgent need to act" to solve the eurozone crisis, as a rescue plan for Spain's banks appeared in the works. But he also warned Greeks that they would face more hardship if they choose to leave the eurozone after elections take place on June 17. AFP PHOTO/BRENDAN SMIALOWSKI (Photo credit should read BRENDAN SMIALOWSKI/AFP/GettyImages)
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