UPDATE 1-US, Germany both seek balanced growth -Obama

Published 11/11/2010, 05:39 AM
Updated 11/11/2010, 05:44 AM

SEOUL, Nov 11 (Reuters) - U.S. President Barack Obama said on Thursday the United States and Germany were strong allies and would seek to achieve balanced and sustainable growth.

During a meeting with German Chancellor Angela Merkel on the sidelines of a G20 summit, Obama said he was confident "that we are going to be able to put the world on a path that ensures strong growth and opportunity for both parties."

Washington and Berlin have traded barbs in recent weeks about the correct way to approach macro economic policy, with several German ministers sharply criticizing the Federal Reserve for actions that they claim could debase the dollar.

There was no such signs of confrontation on display when the two leaders addressed reporters.

Merkel said they would "use this meeting to send a signal, really good signal, for global growth."

"Only together will we be able to tackle the crucial problems of the world today, problems and issues such as Afghanistan, the upcoming NATO summit meeting, and also obviously issues of the G20," she said.

(Reporting by Patricia Zengerle, writing by Alister Bull, editing by Tomasz Janowski)

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