Europe must inject money into banks- says Obama - but is that what the voter wants?

US President Barack Obama has urged European leaders to prevent a looming overseas debt crisis from dragging down the rest of the world. He said Europeans must inject money into the banking system.'The solutions to these problems are hard, but there are solutions,' he said.

The president spoke on Friday after several days of difficult turns for his re-election prospects, including last Friday's report that the unemployment rate had risen slightly to 8.2 per cent in May as job creation had slowed, and new signs that the European debt crisis was hurting the US economy.

Market attention is focused on Spain, whose banks need billions of euros in bailout funds and where unemployment is at a eurozone high of 24 per cent and the economy is stretched to breaking point.

The Spanish government appears to have resigned itself to banks needing a bailout.

Note EU-Digest: Every poll held these days shows that the taxpayers does not want to bail out the banks anymore and that they do want unprofitable banks to fail.When will politicians start to listen to what the voters wants?   

Read more: Sky News: Europe must inject money into bank-Obamas