Obama and Cameron exert pressure to ease debt crisis

US president Barack Obama and British prime minister David Cameron called for an immediate plan to resolve the euro-region debt crisis, adding to pressure on German chancellor Angela Merkel to ease the way to a deal.

Cameron travels to Berlin today for talks with the German leader, as Spain pushes for European money to rescue its banks. The demand for action comes less than two weeks before Group of 20 leaders meet in Los Cabos, Mexico.

Obama and Cameron, who spoke by phone yesterday, “agreed on the need for an immediate plan to tackle the crisis and to restore market confidence as well as the need for a longer-term strategy to ensure a stable single currency,” Cameron’s spokeswoman, Vickie Sheriff, told reporters in London.