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Obama, who is scheduled to arrive in Israel next week, said the United States has information that Iran still requires a year or so until it is capable of producing a nuclear weapon, but the United States doesn't want to cut it that close. For over three years the debt crisis had been dominating the EU agenda, until this time EU leaders MBT Shoes For Women focused on ways to boost growth in the face of the eurozone's rising jobless rate and economic recession, although no specific plans were announced on Thursday.

The U.S.-based financial ratings agency Standard & Poor's has revised its credit outlook for India from stable to negative. Earlier in February's special summit, EU leaders had agreed upon an initiative on youth employment worth 6 billion euros (7.8 billion U.S. dollars) as part of the deal on the bloc's seven-year financial Discount MBT Shoes framework for 2014-2020, widely considered by critics as far from enough. Our goal here is to make sure that Iran does not possess a nuclear weapon that could threaten Israel or trigger an arms race in the region, Obama said, adding that the top leadership of his administration is prepared for a whole range of contingencies to curb Tehran's nuclear aspirations.

The downgrade has brought into sharp focus the challenges of India's slowing economy. The first day of the summit encountered a demonstration outside the EU headquarters, with thousands of protestors crying against austerity and unemployment. On Friday after the summit, EU finance ministers are also scheduled MBT Shoes Outlet for a meeting on Cyprus' bailout plan.

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