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The White House
Office of the Press Secretary
For Immediate Release

Remarks by President Obama and Chancellor Angela Merkel of Germany Before Bilateral Meeting

Intercontinental Carlton Cannes Hotel
Cannes, France

11:05 A.M. CET

PRESIDENT OBAMA: It’s wonderful to be back together with my good friend, Angela Merkel. I think that the last time we were in Washington, D.C. together we presented her with the Medal of Freedom, and that indicated the high esteem that not only I, but the United States, hold her and her leadership.

This is going to be a very busy two days. Central to our discussions at the G20 is how do we achieve greater global growth and put people back to work. That means we’re going to have to resolve the situation here in Europe. And without Angela’s leadership we would not have already made the progress that we’ve seen at the EU meeting on October 27th.

We are now, having seen some progress, looking forward to working together to figure out how we can implement this in an effective way to make sure that not only is the eurozone stable, but the world financial system is stable as well. And hopefully during our bilateral meeting we'll also have the ability to discuss a wide range of other issues, including security issues that are so important to both our countries.

But I just want to say, once again, how much I enjoy working with Angela. She exhibits the kind of practical common sense that I think has made her a leader not only in Germany but around the world.

So thank you very much.

Hold on, hold on, hold on -- translation. (Laughter.) All the Americans reporters speak German, but just in case. (Laughter.)

CHANCELLOR MERKEL: (As interpreted.) Thank you very much, and let me say that I'm delighted that we have the opportunity for this meeting here. And mainly, the G20 will afford us an opportunity, during these two days of meeting, not only to talk about European matters but also about global matters that matter to both of us and that are of common interest.

And let me say, again, that I very fondly remember the evening in the White House and the award.

Thank you.

PRESIDENT OBAMA: Thank you, everybody.

11:08 A.M. CET