English subtitles for clip: File:President Obama and Prime Minister Cameron Hold a Joint Press Conference.webm

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President Obama: Good
afternoon, everybody.

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It is good to be here with
my great friend and partner,

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Prime Minister David Cameron.

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Earlier this afternoon
we concluded our summit

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with our fellow G7 leaders.

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And I want to thank His
Majesty King Philippe,

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the Prime Minister, as well
as the Belgian people

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for welcoming us back
to Brussels.

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David and I also just had the
opportunity to meet and discuss

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some pressing challenges --
including Syria, Libya, and Iran,

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as well as the process of
ending our combat mission

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in Afghanistan.

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We spoke about the deepening
partnership that we have 

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on issues like Nigeria, in support
of our shared goal of safely

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returning the kidnapped
girls to their families.

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But what I want to focus on
briefly before we take questions

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are two issues that dominated
our discussion over the last two

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days, and that's the situation
in Ukraine and energy security.

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Originally, of course,
our summit was supposed

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to be in Sochi.

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But after Russia's
actions in Ukraine,

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our nations united quickly
around a common strategy.

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We suspended Russia from the
G8 and we cancelled the Sochi

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meeting, making this the
first G7 held without

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Russia in some 20 years.

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All seven of our nations have
taken steps to impose costs

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on Russia for its behavior.

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Today, in contrast to a
growing global economy,

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a sluggish Russian economy is
even weaker because

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of the choices made by the
Russia's leadership.

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Meanwhile, our nations
continue to stand united

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in our support and assistance
to the Ukrainian people.

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And the G7 Summit was
an occasion for me,

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David, and our fellow leaders to
ensure that we're in lockstep

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going forward. 

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On Ukraine, I shared the results

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of my meeting yesterday with
President-elect Poroshenko.

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Like so many Ukrainians, he
wants to forge closer ties with

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Europe and the United States,
but also recognizes that Ukraine

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will benefit from a constructive
relationship with Russia.

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So I believe his inauguration
provides an opportunity,

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particularly since he has
demonstrated a commitment

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to reach out to the east,
and pursue reforms.

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Russia needs to seize
that opportunity.

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Russia needs to recognize that
President-elect Poroshenko

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is the legitimately
elected leader of Ukraine

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and engage the
government in Kyiv.

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Given its influence over
the militants in Ukraine,

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Russia continues to have a
responsibility to convince

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them to end their violence,
lay down their weapons,

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and enter into a dialogue with
the Ukrainian government.

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On the other hand, if Russia's
provocations continue,

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it's clear from our discussions
here that the G7 nations are

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ready to impose additional
costs on Russia.

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I also briefed David on the
new initiative I announced

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in Warsaw to bolster the
security of our NATO allies,

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especially in Central
and Eastern Europe,

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as well as our focus on
building counterterrorism

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capabilities across the
Middle East and North Africa.

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David will be hosting the
next NATO Summit in Wales in

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September, and I
appreciated him updating me

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on the preparations for
that summit.

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We agree that it's going to be
an opportunity for every ally to

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make sure they're carrying their
share and investing in the

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capabilities our alliance
needs for the future.

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The situation in Ukraine has
also highlighted the need

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for greater energy security.

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At the G7, we agreed to
help Ukraine reduce

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its energy risks to include
diversifying its supplies.

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We're going to help countries
in Central and Eastern Europe

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strengthen their energy
security as well.

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And following the review I
called for in the United States

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earlier this year, every G7
country will conduct an energy

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assessment to identify the
possible impact of any potential

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disruptions and to offer
ways we can better prevent

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disruptions and recover
from them more quickly.

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Related to this, we agreed at
the G7 to continue to lead

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by example in the fight
against climate change,

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which poses a danger to our
environment, our economies,

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and our national security.

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I made it clear that the
United States will continue

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to do our part.

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Earlier this week, we took a
major step -- proposing new

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standards that,
for the first time,

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would limit carbon pollution
from our existing power plants.

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This is one of the most
ambitious steps that

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any nation has taken to
combat climate change.

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It would reduce carbon emissions
from our electricity sector

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by 30 percent.

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It will help us meet the
commitments that we made

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when I first came into
office, at Copenhagen.

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And it will improve
our public health.

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It's also going to be good for
our economy -- by helping to

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create more clean energy
jobs and ultimately

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lower electricity
bills for Americans.

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So it's the right thing to do.

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This builds on the steps we've
taken over the past five years

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to invest more in renewables
like solar and wind,

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raise fuel standards
for our cars and trucks,

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and make our homes
and businesses more

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energy efficient.

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And today we're holding our
carbon emissions to levels

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not seen in nearly 20 years.

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So we're making
important progress,

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but my Climate Action Plan for
climate change indicates

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that we've got to keep
at it and do more.

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I know this is a cause that
David is also passionate about.

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We agree that every nation
has to do its share.

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All the major economies,
including the G7 and emerging

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markets like China,
need to show leadership

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as we work on a new
global climate agreement.

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And that includes putting
forward by March of next year

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ambitious long-term targets
for reducing emissions.

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So, again, I want to thank
Prime Minister Cameron and our

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fellow leaders for our work
here together in Brussels.

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David, I believe that
whenever our two nations

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stand together it can lead
to a world that is more

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secure and more
prosperous and more just.

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And we'll be reminded of that
again tomorrow in Normandy

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as we mark the 70th
anniversary of D-Day.

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On that day, like
so many others,

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American and British troops
stood together and fought

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valiantly alongside our allies.

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It didn't just help
to win the war;

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they helped to turn the tide
of human history and are

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the reason that we can stand
here today in a free Europe

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and with the freedoms
our nations enjoy.

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So theirs is the legacy that
our two nations and our great

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alliance continue to uphold.

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And I'm grateful to have a
fine partner in David

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in making that happen.

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Thank you, David.

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Prime Minister Cameron:
Thank you.

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And good afternoon.

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And I'm delighted to be here
with you today, Barack.

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As we stand together in Europe
on the 70th anniversary of the

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D-Day landings, we should remind
the world of the strength and

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steadfastness of the bond
between the United Kingdom

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and the United States.

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Seventy years ago,
as you just said,

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our countries stood like two
rocks of freedom and democracy

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in the face of Nazi tyranny.

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Seventy years ago tonight,
thousands of young British and

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American soldiers, with their
Canadian and free French

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counterparts, were preparing
to cross the channel in the

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greatest liberation force that
the world has ever known.

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Those young men were united
in purpose: to restore

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democracy and freedom
to continental Europe;

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to free by force of arms
ancient European nations;

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and to allow the nations and
peoples of Europe to chart

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their destiny in the world.

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Thousands of those young men
paid the ultimate price,

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and we honor their memory
today and tomorrow.

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Shortly after D-Day, my own
grandfather was wounded

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and came home.

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We will never forget
what they did,

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and the debt that we owe them
for the peace and the freedom

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that we enjoy on this continent.

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Today, in a new century, our two
democracies continue to stand

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for and to uphold the same
values in the world: democracy,

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liberty, the rule of law.

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And day in, day out, our people
work together to uphold those

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values right across the globe.

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And that approach has been
at the heart of what we've

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discussed here at the G7 and in
our bilateral meeting today.

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We've talked about one of the
greatest opportunities we have

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to turbocharge the global
economy by concluding trade

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deals, including the EU-U.S.

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deal, which would be the biggest
of them all -- the Transatlantic

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Trade and Investment
Partnership that would

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create growth and jobs.

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A deal that could be worth up
to 10 billion pounds a year

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for Britain alone.

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It would help to secure our
long-term economic success and

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generate a better future
for hardworking families

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back at home.

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That is why I was so determined
to launch those negotiations a

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year ago in Lough Erne.

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And since then, we've made
steady progress but we've

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got to keep our eyes on
the huge prize on offer

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and not get bogged down.

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We also discussed what I believe
is the greatest threat that we

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face: How we counter extremism
and the threat that terrorist

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groups operating elsewhere pose
to the safety of our people,

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both at home and abroad.

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This year we will bring our
troops home from Afghanistan.

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They can be proud of what
they've achieved over the last

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decade -- denying terrorists
the safe haven from which

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to plot attacks against
Britain or the United States.

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But at the same time as we've
reduced the threat from that

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region, so al Qaeda franchises
have grown in other parts

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of the world.

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Many of these groups are focused
on the countries where they

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operate, but they still
pose a risk to our people,

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our businesses,
and our interests.

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Barack and I share the same view
of how we tackle this threat in

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the fragile regions of the
world where terrorist networks

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seek a foothold.

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As I've said before, our
approach must be tough, patient,

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intelligent, and based on strong
international partnerships.

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So when it comes to Syria, now
the number-one destination for

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jihadists anywhere in the world,
we've agreed to intensify our

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efforts to address the threat of
foreign fighters traveling

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to and from Syria.

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We'll be introducing new
measures in the UK to prosecute

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those who plan and train
for terrorism abroad.

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And here at the G7, we've agreed
to do more to work with Syria's

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neighbors to strengthen border
security and to disrupt the

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terrorist financing that funds
these jihadist training camps.

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In Libya, we want to help the
government as it struggles

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to overcome the disastrous
legacy of Qaddafi's misrule

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and to build a stable, peaceful
and prosperous future.

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Barack and I have both
recently appointed envoys who

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will be working together to
support efforts to reach

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a much-needed
political settlement.

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And we are fulfilling our
commitment to train the Libyan

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security forces with the first
tranche of recruits due

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to begin their training
in the UK this month.

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In Nigeria, we're both committed
to supporting the Nigerian

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government and its
neighbors as they confront

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the scourge of Boko Haram.

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The kidnap of the Chobok girls
was an act of pure evil,

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and Britain and the United
States have provided immediate

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assistance in the search.

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In the longer term, we stand
ready to provide more practical

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assistance to help the Nigerians
and the region to strengthen

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their defense and
security institutions,

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and to develop the
expertise needed to counter

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these barbaric extremists.

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And finally, as Barack said, we
had an important discussion

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on Ukraine and relations
with Russia.

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From the outset of this crisis,
the G7 nations have stood

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united, clear in our support
for the Ukrainian people

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and their right to choose
their own future,

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and firm in our message to
President Putin that Russia's

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actions are completely
unacceptable and totally

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at odds with the values of
this group of democracies.

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That is why Russia no longer
has a seat at the table

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here with us.

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At this summit, we were
clear about three things.

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First, the status
quo is unacceptable;

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the continuing destabilization
of eastern Ukraine must stop.

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00:11:44,100 --> 00:11:47,570
Second, there are a set of
things that need to happen.

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President Putin must recognize
the legitimate election

245
00:11:50,900 --> 00:11:52,200
of President Poroshenko.

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00:11:52,200 --> 00:11:55,230
He must stop arms crossing
the border into Ukraine.

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00:11:55,233 --> 00:11:58,233
He must cease Russian support
for separatist groups.

248
00:11:58,233 --> 00:12:00,363
And third, if these
things don't happen,

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00:12:00,367 --> 00:12:02,897
then sectoral
sanctions will follow.

250
00:12:02,900 --> 00:12:05,430
The next month will be vital
in judging if President Putin

251
00:12:05,433 --> 00:12:08,033
has taken these steps, and
that is what I will urge

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00:12:08,033 --> 00:12:11,163
President Putin to do when
I meet him later today.

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00:12:11,166 --> 00:12:15,236
Finally, we discussed the cancer
eating away at the world's

254
00:12:15,233 --> 00:12:18,933
economic and political
systems: corruption.

255
00:12:18,934 --> 00:12:22,204
Corruption is the archenemy
of democracy and development.

256
00:12:22,200 --> 00:12:25,030
The best way to fight corruption
and to drive growth is through

257
00:12:25,033 --> 00:12:28,033
what I call the three T's:
greater transparency,

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00:12:28,033 --> 00:12:30,803
fair tax systems,
and freer trade.

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00:12:30,800 --> 00:12:33,730
That was at the heart of
our G8 agenda in Lough Erne,

260
00:12:33,734 --> 00:12:37,204
and today we agreed to push for
more action on fair tax systems,

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00:12:37,200 --> 00:12:39,730
freer trade, and greater
transparency -- things that are

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00:12:39,734 --> 00:12:43,134
now hardwired into these
international gatherings this

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00:12:43,133 --> 00:12:45,363
year and for many years to come.

264
00:12:45,367 --> 00:12:46,897
Thank you.

265
00:12:46,900 --> 00:12:47,730
President Obama: All right.

266
00:12:47,734 --> 00:12:52,634
We've got a couple questions
from each press delegation.

267
00:12:52,633 --> 00:12:54,763
We'll start with Jeff
Mason at Reuters.

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00:12:54,767 --> 00:12:55,767
Jeff.

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00:12:55,767 --> 00:12:57,737
The Press: Thank
you, Mr. President.

270
00:12:57,734 --> 00:12:59,404
You're going to France
later this evening.

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00:12:59,400 --> 00:13:02,170
Since you last had French
President Hollande's visit

272
00:13:02,166 --> 00:13:05,096
in a state visit earlier this
year, a lot of tensions have

273
00:13:05,100 --> 00:13:09,400
arisen in the relationship,
including on BNP Paribas.

274
00:13:09,400 --> 00:13:13,300
The French say that a potential
multibillion-dollar fine

275
00:13:13,300 --> 00:13:16,800
on that bank could affect the
global economy and could

276
00:13:16,800 --> 00:13:18,030
affect trade talks.

277
00:13:18,033 --> 00:13:19,933
Do you believe those
concerns are valid?

278
00:13:19,934 --> 00:13:21,904
And how do you expect to
address them with him tonight

279
00:13:21,900 --> 00:13:24,670
and also U.S. concerns
about the French selling

280
00:13:24,667 --> 00:13:27,337
Mistral warships to Russia?

281
00:13:27,333 --> 00:13:29,963
And to the Prime Minister,
do you feel isolated, sir,

282
00:13:29,967 --> 00:13:36,097
among your EU leaders about your
position on Jean-Claude Juncker

283
00:13:36,100 --> 00:13:37,570
as the European
Commission President?

284
00:13:37,567 --> 00:13:39,637
And who would you like
to see get the job?

285
00:13:39,633 --> 00:13:42,433
And separately, do you feel any
pressure from President Obama

286
00:13:42,433 --> 00:13:46,403
about your position on
keeping the UK in the EU?

287
00:13:46,400 --> 00:13:49,600
Thank you.

288
00:13:49,600 --> 00:13:52,770
President Obama: First of all,
the relationship between the

289
00:13:52,767 --> 00:13:55,567
United States and France
has never been stronger.

290
00:13:55,567 --> 00:14:00,937
On a whole range of issues we're
seeing intense cooperation.

291
00:14:00,934 --> 00:14:04,134
And I'm looking forward to
seeing President Hollande this

292
00:14:04,133 --> 00:14:06,803
evening to talk about a range of
issues and continue some

293
00:14:06,800 --> 00:14:11,400
of the work that was
done here in Brussels.

294
00:14:11,400 --> 00:14:17,730
My answer on the banking
case is short and simple.

295
00:14:17,734 --> 00:14:23,664
The tradition of the United
States is that the President

296
00:14:23,667 --> 00:14:29,737
does not meddle in prosecutions.

297
00:14:29,734 --> 00:14:31,904
We don't call the Attorney
General -- I do not pick

298
00:14:31,900 --> 00:14:34,430
up the phone and tell
the Attorney General how

299
00:14:34,433 --> 00:14:38,233
to prosecute cases that
have been brought.

300
00:14:38,233 --> 00:14:42,363
I do not push for settlements of
cases that have been brought.

301
00:14:42,367 --> 00:14:45,167
Those are decisions that
are made by an independent

302
00:14:45,166 --> 00:14:46,896
Department of Justice.

303
00:14:46,900 --> 00:14:50,800
I've communicated that
to President Hollande.

304
00:14:50,800 --> 00:14:54,970
This is not a unique
position on my part.

305
00:14:54,967 --> 00:14:55,967
Perhaps it is a different
tradition than exists in other

306
00:14:55,967 --> 00:15:02,037
countries, but it is designed to
make sure that the rule of law

307
00:15:06,867 --> 00:15:14,367
is not in any way impacted
by political expediency.

308
00:15:14,367 --> 00:15:21,467
And so this will be
determined by U.S. attorneys

309
00:15:21,467 --> 00:15:24,397
in discussion with
representatives of the bank,

310
00:15:24,400 --> 00:15:29,470
and I'll read about it in
the newspapers just

311
00:15:29,467 --> 00:15:31,267
like everybody else.

312
00:15:31,266 --> 00:15:34,796
The Press: He said he's going to
confront you about it tonight.

313
00:15:34,800 --> 00:15:37,130
President Obama: He'll hear the
same answer from me tonight

314
00:15:37,133 --> 00:15:41,633
as he just heard at this podium.

315
00:15:41,633 --> 00:15:42,703
The Press: And Mistral?

316
00:15:42,700 --> 00:15:46,230
President Obama: I have
expressed some concerns -- and

317
00:15:46,233 --> 00:15:53,233
I don't think I'm alone in this
-- about continuing significant

318
00:15:53,233 --> 00:15:59,233
defense deals with Russia at a
time when they have violated

319
00:16:02,400 --> 00:16:06,130
basic international law and
the territorial integrity

320
00:16:06,133 --> 00:16:08,233
and sovereignty of
their neighbors.

321
00:16:08,233 --> 00:16:12,433
So President Hollande
understands my position.

322
00:16:12,433 --> 00:16:15,863
I recognize that
this is a big deal.

323
00:16:15,867 --> 00:16:21,337
I recognize that the jobs
in France are important.

324
00:16:24,066 --> 00:16:26,166
I think it would have
been preferable to press

325
00:16:26,166 --> 00:16:28,696
the pause button.

326
00:16:28,700 --> 00:16:32,930
President Hollande so far has
made a different decision.

327
00:16:32,934 --> 00:16:36,734
And that does not negate the
broader cooperation that we've

328
00:16:36,734 --> 00:16:41,264
had with France with respect to
its willingness to work with

329
00:16:41,266 --> 00:16:45,996
us on sanctions to discourage
President Putin from engaging

330
00:16:46,000 --> 00:16:48,800
in further destabilizing
actions and hopefully

331
00:16:48,800 --> 00:16:53,170
to encourage him to move in a
more constructive direction.

332
00:16:53,166 --> 00:17:03,936
We are at a point where Mr.
Putin has the chance

333
00:17:03,934 --> 00:17:13,034
to get back into a lane of
international law.

334
00:17:13,033 --> 00:17:19,133
He has a President in
Poroshenko who he can

335
00:17:19,133 --> 00:17:22,103
negotiate directly with.

336
00:17:22,100 --> 00:17:25,430
Having spoken to President
Poroshenko this morning -- or

337
00:17:25,433 --> 00:17:29,403
yesterday morning, it's clear
that he recognizes that Ukraine

338
00:17:29,400 --> 00:17:32,300
needs to have a good
relationship with Russia,

339
00:17:32,300 --> 00:17:37,130
but also, rightly, affirms the
right of Ukraine to engage

340
00:17:37,133 --> 00:17:39,263
with the rest of the world.

341
00:17:39,266 --> 00:17:45,896
And the steps that David
outlined earlier and that the G7

342
00:17:45,900 --> 00:17:50,630
unanimously agrees with, which
is for Mr. Putin to take --

343
00:17:50,633 --> 00:17:50,733
seize this moment, recognize
Poroshenko is the legitimate

344
00:17:50,734 --> 00:17:56,734
leader of Ukraine, cease the
support of separatists and the

345
00:17:59,767 --> 00:18:06,537
flow of arms, work with Ukraine
to engage those in the

346
00:18:06,533 --> 00:18:09,803
east during this process of
constitutional and economic

347
00:18:09,800 --> 00:18:13,170
reform -- if Mr. Putin
takes those steps,

348
00:18:13,166 --> 00:18:17,966
then it is possible for us
to begin to rebuild trust

349
00:18:17,967 --> 00:18:22,337
between Russia and its
neighbors and Europe.

350
00:18:22,333 --> 00:18:24,603
Should he fail to do so,
though, there are going

351
00:18:24,600 --> 00:18:26,100
to be additional consequences.

352
00:18:26,100 --> 00:18:28,600
And one of the important things
that came out of this meeting

353
00:18:28,600 --> 00:18:34,300
today was the recognition on
the part of all of us that

354
00:18:34,300 --> 00:18:36,430
we can't simply allow drift.

355
00:18:36,433 --> 00:18:42,133
The mere fact that some of the
Russian soldiers have moved back

356
00:18:42,133 --> 00:18:49,463
off the border and that Russia
is now destabilizing Ukraine

357
00:18:49,467 --> 00:18:53,867
through surrogates, rather
than overtly and explicitly,

358
00:18:57,233 --> 00:19:02,833
does not mean that we can afford
three months, or four months,

359
00:19:02,834 --> 00:19:06,504
or six months of continued
violence and conflict

360
00:19:06,500 --> 00:19:08,030
in eastern Ukraine.

361
00:19:08,033 --> 00:19:11,633
We will have a chance to see
what Mr. Putin does over the

362
00:19:11,633 --> 00:19:14,763
next two, three, four weeks.

363
00:19:14,767 --> 00:19:18,297
And if he remains on
the current course,

364
00:19:18,300 --> 00:19:21,000
then we've already indicated
the kinds of actions

365
00:19:21,000 --> 00:19:22,000
that we're prepared to take.

366
00:19:22,000 --> 00:19:25,070
Prime Minister Cameron: You
asked a couple of questions

367
00:19:25,066 --> 00:19:26,066
about Europe.

368
00:19:26,066 --> 00:19:27,066
It's worth setting the context.

369
00:19:27,066 --> 00:19:30,436
We've just had a set of European
elections where -- to take

370
00:19:30,433 --> 00:19:33,233
two countries at random, France
and Britain -- in France,

371
00:19:33,233 --> 00:19:36,903
the Front National, an openly
anti-European party, won;

372
00:19:36,900 --> 00:19:39,900
and an anti-European
party in my country won.

373
00:19:39,900 --> 00:19:42,000
And when these things happen
you can stick your head

374
00:19:42,000 --> 00:19:44,070
in the sand and wish these
results would go away,

375
00:19:44,066 --> 00:19:46,766
or you can have a strategy for
addressing the concerns

376
00:19:46,767 --> 00:19:50,197
of the people that you represent
in your country.

377
00:19:50,200 --> 00:19:53,000
I have a strategy to
represent and understand

378
00:19:53,000 --> 00:19:54,370
and reflect those concerns.

379
00:19:54,367 --> 00:19:57,397
And that's why I think it's
important that we have people

380
00:19:57,400 --> 00:19:59,830
running the institutions of
Europe who understand the need

381
00:19:59,834 --> 00:20:01,334
for change, the need for reform.

382
00:20:01,333 --> 00:20:04,463
And I would argue that that is a
view that is quite widely shared

383
00:20:04,467 --> 00:20:07,097
amongst other heads of
government and heads of state

384
00:20:07,100 --> 00:20:08,400
in the European Union.

385
00:20:08,400 --> 00:20:10,570
As for Britain's future, I'm
very clear what I want

386
00:20:10,567 --> 00:20:13,997
to achieve -- is to secure
Britain's place in a reformed

387
00:20:14,000 --> 00:20:15,000
European Union.

388
00:20:15,000 --> 00:20:16,830
And I have a strategy
for delivering that.

389
00:20:16,834 --> 00:20:19,064
It's about renegotiating
our position.

390
00:20:19,066 --> 00:20:21,066
It's about recovering
some important powers.

391
00:20:21,066 --> 00:20:23,336
It's about making some
significant changes,

392
00:20:23,333 --> 00:20:25,733
and then putting that decision
in a referendum to the British

393
00:20:25,734 --> 00:20:28,564
people but very much
recommending that we stay

394
00:20:28,567 --> 00:20:30,137
in a reformed European Union.

395
00:20:30,133 --> 00:20:33,033
Again, it's a strategy for
dealing with an issue which

396
00:20:33,033 --> 00:20:36,233
I think if we just walked away
from it we'd see Britain drift

397
00:20:36,233 --> 00:20:39,063
towards the exits, and I
don't want that to happen.

398
00:20:39,066 --> 00:20:39,936
The Press: Do you feel
any pressure from

399
00:20:39,934 --> 00:20:40,934
the United States about that?

400
00:20:40,934 --> 00:20:41,434
Prime Minister Cameron: No.

401
00:20:41,433 --> 00:20:43,433
We have good discussions about
these issues as we discuss

402
00:20:43,433 --> 00:20:45,203
everything else.

403
00:20:45,200 --> 00:20:46,570
President Obama: Absolutely.

404
00:20:46,567 --> 00:20:49,867
Prime Minister Cameron: Let's
have a question from the BBC.

405
00:20:53,934 --> 00:20:56,064
The Press: Mr. President, even
if you don't have a meeting

406
00:20:56,066 --> 00:20:59,066
scheduled face-to-face with
Vladimir Putin yourself,

407
00:20:59,066 --> 00:21:01,996
are you going to end up talking
with him face-to-face in France?

408
00:21:02,000 --> 00:21:04,500
And do you see real
possibilities of opening

409
00:21:04,500 --> 00:21:07,430
up a path away from the crisis
by you engaging with him?

410
00:21:07,433 --> 00:21:10,503
And Britain is potentially
facing, Mr. President,

411
00:21:10,500 --> 00:21:13,570
two major decisions -- whether
or not Scotland stays part of

412
00:21:13,567 --> 00:21:15,167
the United Kingdom, and whether
the United Kingdom stays

413
00:21:15,166 --> 00:21:16,666
a part of the European Union.

414
00:21:16,667 --> 00:21:18,997
What do those decisions mean
to you and to the people

415
00:21:19,000 --> 00:21:20,630
of the United States?

416
00:21:20,633 --> 00:21:23,833
Prime Minister, you'll be the
first leader I think after

417
00:21:23,834 --> 00:21:26,834
this summit to engage with
Vladimir Putin face-to-face.

418
00:21:26,834 --> 00:21:29,064
Despite everything you've
said, is there something

419
00:21:29,066 --> 00:21:31,436
of an olive branch in your hand?

420
00:21:31,433 --> 00:21:34,803
After all, Mr. Putin has not
actually denounced the electoral

421
00:21:34,800 --> 00:21:39,170
process which brought the new
President to power in Ukraine.

422
00:21:39,166 --> 00:21:40,966
Is there a way out, and is that
what you're really going to be

423
00:21:40,967 --> 00:21:43,397
exploring with him this evening?

424
00:21:43,400 --> 00:21:46,600
And do you accept that Germany
may not come to your aid and

425
00:21:46,600 --> 00:21:50,470
stop Jean-Claude Juncker
becoming Commission President?

426
00:21:50,467 --> 00:21:52,837
Will that actually
potentially blow your entire

427
00:21:52,834 --> 00:21:54,134
strategy off course?

428
00:21:54,133 --> 00:21:56,463
You think you may be able to
negotiate a brilliant reform

429
00:21:56,467 --> 00:21:59,967
of the European Union, but if
Jean-Claude Juncker becomes

430
00:21:59,967 --> 00:22:00,967
President of the
European Commission,

431
00:22:00,967 --> 00:22:03,167
will your credibility be
so damaged in Britain

432
00:22:03,166 --> 00:22:05,696
that people may simply vote
to leave the Union?

433
00:22:05,700 --> 00:22:08,470
Finally, who are you more afraid
of -- Angela Merkel

434
00:22:08,467 --> 00:22:09,637
or Theresa May?

435
00:22:09,633 --> 00:22:10,203
(laughter)

436
00:22:10,200 --> 00:22:11,000
Prime Minister Cameron:
Great question.

437
00:22:13,867 --> 00:22:14,697
Do you want to go?

438
00:22:14,700 --> 00:22:16,200
Let me take those.

439
00:22:16,200 --> 00:22:18,530
First of all, my meeting with
Vladimir Putin -- I think it's

440
00:22:18,533 --> 00:22:22,333
just important to have this
communication about some very

441
00:22:22,333 --> 00:22:25,503
important messages about what's
happening now is not acceptable;

442
00:22:25,500 --> 00:22:28,400
about the changes that
need to take place.

443
00:22:28,400 --> 00:22:31,530
I think as the President said,
there is an opportunity for

444
00:22:31,533 --> 00:22:34,703
diplomacy to play a role
and to chart a path,

445
00:22:34,700 --> 00:22:36,170
because we've had
these elections,

446
00:22:36,166 --> 00:22:39,396
the Ukrainian people
have chosen a President;

447
00:22:39,400 --> 00:22:42,970
he's a capable man and it's
quite possible that he could

448
00:22:42,967 --> 00:22:45,767
have a proper relationship
with Putin and there could

449
00:22:45,767 --> 00:22:48,367
be a proper relationship
between Ukraine and Russia.

450
00:22:48,367 --> 00:22:50,397
But change is needed in
order for that to happen,

451
00:22:50,400 --> 00:22:54,370
and that's the message that I
will be delivering this evening.

452
00:22:54,367 --> 00:22:56,697
In terms of your other
questions, look,

453
00:22:56,700 --> 00:23:00,130
on this issue of who runs
the European Commission,

454
00:23:00,133 --> 00:23:02,833
the European institutions, what
matters is people who understand

455
00:23:02,834 --> 00:23:05,104
the need for change, who
understand the need for reform,

456
00:23:05,100 --> 00:23:10,100
who realize that if things go on
as they have this Union is not

457
00:23:10,100 --> 00:23:11,430
going to work for its citizens.

458
00:23:11,433 --> 00:23:14,633
And that was the message that
I think was loudly received

459
00:23:14,633 --> 00:23:16,833
in these European elections.

460
00:23:16,834 --> 00:23:19,804
As for who -- as you put it,
Angela Merkel or Theresa May --

461
00:23:19,800 --> 00:23:23,670
look, I'm very fortunate in my
life to work with some extremely

462
00:23:23,667 --> 00:23:27,437
strong and capable women, of
which they are undoubtedly two.

463
00:23:27,433 --> 00:23:29,233
(laughter)

464
00:23:31,066 --> 00:23:31,996
President Obama: I have
no doubt that I'll

465
00:23:32,000 --> 00:23:33,270
see Mr. Putin.

466
00:23:33,266 --> 00:23:38,766
And he and I have always had
a businesslike relationship,

467
00:23:38,767 --> 00:23:43,867
and it is entirely appropriate
that he is there to commemorate

468
00:23:43,867 --> 00:23:46,497
D-Day, given the extraordinary
sacrifices that were made

469
00:23:46,500 --> 00:23:52,330
by the people of the Soviet
Union during World War II.

470
00:23:52,333 --> 00:23:54,933
And should we have the
opportunity to talk,

471
00:23:54,934 --> 00:23:57,634
I will be repeating the
same message that I've been

472
00:23:57,633 --> 00:23:59,363
delivering to him
throughout this crisis.

473
00:23:59,367 --> 00:24:01,837
Keep in mind that although we
haven't had formal meetings,

474
00:24:01,834 --> 00:24:05,264
I've spoken to him by phone
repeatedly from the outset

475
00:24:05,266 --> 00:24:07,566
of the protests in the Maidan.

476
00:24:07,567 --> 00:24:10,237
And my message has
been very consistent,

477
00:24:10,233 --> 00:24:16,663
and that is that Russia has a
legitimate interest in what

478
00:24:16,667 --> 00:24:19,397
happens in Ukraine, given that
it's on its border and given its

479
00:24:19,400 --> 00:24:23,030
historical ties, but ultimately
it is up to the people of

480
00:24:23,033 --> 00:24:28,003
Ukraine to make their own
decisions -- that Russian armed

481
00:24:28,000 --> 00:24:35,230
forces annexing pieces of a
neighbor is illegal and violates

482
00:24:35,233 --> 00:24:40,103
international law, and the kinds
of destabilizing activities

483
00:24:40,100 --> 00:24:44,270
that we now see, funded and
encouraged by Russia,

484
00:24:44,266 --> 00:24:49,236
are illegal and are
not constructive;

485
00:24:49,233 --> 00:24:55,403
and that there is a path in
which Russia has the capacity

486
00:24:55,400 --> 00:24:59,670
to engage directly with
President Poroshenko now --

487
00:24:59,667 --> 00:25:01,097
he should take it.

488
00:25:01,100 --> 00:25:07,830
If he does not, if he continues
a strategy of undermining the

489
00:25:07,834 --> 00:25:14,204
sovereignty of Ukraine, then we
have no choice but to respond.

490
00:25:14,200 --> 00:25:19,900
And perhaps he's been surprised
by the degree of unity

491
00:25:19,900 --> 00:25:22,030
that's been displayed.

492
00:25:22,033 --> 00:25:27,233
I do think the fact that he did
not immediately denounce

493
00:25:27,233 --> 00:25:31,163
the outcome of the May 25th
election perhaps offers

494
00:25:31,166 --> 00:25:33,836
the prospect that he's
moving in a new direction.

495
00:25:33,834 --> 00:25:39,104
But I think we have to see what
he does and not what he says.

496
00:25:39,100 --> 00:25:44,630
With respect to the future
of the United Kingdom,

497
00:25:44,633 --> 00:25:50,363
obviously ultimately this is up
to the people of Great Britain.

498
00:25:50,367 --> 00:25:53,497
In the case of Scotland, there's
a referendum process

499
00:25:53,500 --> 00:25:56,030
in place and it's up to the
people of Scotland.

500
00:25:56,033 --> 00:26:01,503
I would say that the
United Kingdom has been

501
00:26:01,500 --> 00:26:03,930
an extraordinary partner to us.

502
00:26:03,934 --> 00:26:07,164
From the outside, at least,
it looks like things

503
00:26:07,166 --> 00:26:11,336
have worked pretty well.

504
00:26:11,333 --> 00:26:18,563
And we obviously have a deep
interest in making sure that one

505
00:26:18,567 --> 00:26:24,837
of the closest allies that we
will ever have remains strong,

506
00:26:24,834 --> 00:26:29,364
robust, united, and
an effective partner.

507
00:26:29,200 --> 00:26:34,000
by the folks there.
0:26:29.367,1193:02:47.295
But ultimately these are
decisions that are to be made

508
00:26:34,000 --> 00:26:43,530
With respect to the EU, we
share a strategic vision with

509
00:26:43,533 --> 00:26:47,233
Great Britain on a whole range
of international issues,

510
00:26:47,233 --> 00:26:54,163
and so it's always encouraging
for us to know that Great

511
00:26:54,166 --> 00:26:57,296
Britain has a seat at the table
in the larger European project.

512
00:26:57,300 --> 00:27:04,730
I think in light of the
events that we're going to be

513
00:27:04,734 --> 00:27:08,534
commemorating tomorrow, it's
important to recall that

514
00:27:08,533 --> 00:27:12,863
it was the steadfastness
of Great Britain that,

515
00:27:12,867 --> 00:27:16,567
in part, allows us to
be here in Brussels,

516
00:27:16,567 --> 00:27:19,797
in the seat of a unified
and extraordinarily

517
00:27:19,800 --> 00:27:21,200
prosperous Europe.

518
00:27:21,200 --> 00:27:26,730
And it's hard for me to imagine
that project going well

519
00:27:26,734 --> 00:27:28,634
in the absence of Great Britain.

520
00:27:28,633 --> 00:27:32,233
And I think it's also hard for
me to imagine that it would be

521
00:27:32,233 --> 00:27:37,833
advantageous for Great Britain
to be excluded from political

522
00:27:37,834 --> 00:27:42,704
decisions that have an enormous
impact on its economic

523
00:27:42,700 --> 00:27:43,700
and political life.

524
00:27:43,700 --> 00:27:46,900
So this is why we
have elections,

525
00:27:46,900 --> 00:27:51,830
and we'll see the arguments made
and I'm sure the people

526
00:27:51,834 --> 00:27:54,304
of Great Britain will make
the right decision.

527
00:27:55,600 --> 00:27:58,570
Stephen Collinson.

528
00:27:58,567 --> 00:28:00,067
The Press: Thank you,
Mr. President.

529
00:28:00,066 --> 00:28:02,536
Have you been surprised by the
backlash that's been whipped

530
00:28:02,533 --> 00:28:06,033
up by your decision to do a
deal to free Bowe Bergdahl?

531
00:28:06,033 --> 00:28:08,233
And what do you think
is motivating that?

532
00:28:08,233 --> 00:28:11,863
In retrospect, do you think you
could have done more to consult

533
00:28:11,867 --> 00:28:14,297
with Congress or announce the
deal in a way that might have

534
00:28:14,300 --> 00:28:16,070
spared him and his
family being caught

535
00:28:16,066 --> 00:28:18,896
up in a political crossfire?

536
00:28:18,900 --> 00:28:21,870
And, Prime Minister, how do you
respond to criticism that your

537
00:28:21,867 --> 00:28:25,937
decision to meet Vladimir Putin
and his meetings with other key

538
00:28:25,934 --> 00:28:28,934
European leaders are actually
devaluing the punishment that

539
00:28:28,934 --> 00:28:34,034
was meted out to Russia by
throwing it out of the G8?

540
00:28:34,033 --> 00:28:37,533
And finally, should Qatar
be deprived of the right

541
00:28:37,533 --> 00:28:38,733
to host the World Cup?

542
00:28:38,734 --> 00:28:41,964
And if so, is England
willing to host it?

543
00:28:41,967 --> 00:28:42,997
(laughter)

544
00:28:47,266 --> 00:28:49,296
President Obama: I'm never
surprised by controversies

545
00:28:49,300 --> 00:28:51,100
that are whipped
up in Washington.

546
00:28:51,100 --> 00:28:51,900
(laughter)

547
00:28:51,900 --> 00:28:52,530
Right?

548
00:28:52,533 --> 00:28:57,603
That's par for the course.

549
00:28:57,600 --> 00:29:00,430
But I'll repeat what
I said two days ago.

550
00:29:00,433 --> 00:29:06,203
We have a basic principle: We
do not leave anybody wearing

551
00:29:06,200 --> 00:29:07,730
the American uniform behind.

552
00:29:07,734 --> 00:29:18,064
We had a prisoner of war whose
health had deteriorated and we

553
00:29:18,066 --> 00:29:20,436
were deeply concerned about,
and we saw an opportunity

554
00:29:20,433 --> 00:29:21,433
and we seized it.

555
00:29:21,433 --> 00:29:24,303
And I make no
apologies for that.

556
00:29:24,300 --> 00:29:27,970
We had discussed with
Congress the possibility

557
00:29:27,967 --> 00:29:30,337
that something like
this might occur.

558
00:29:30,333 --> 00:29:34,633
But because of the nature of the
folks that we were dealing

559
00:29:34,633 --> 00:29:39,963
with and the fragile nature
of these negotiations,

560
00:29:39,967 --> 00:29:44,797
we felt it was important to
go ahead and do what we did.

561
00:29:44,800 --> 00:29:48,800
And we're now explaining
to Congress the details

562
00:29:48,800 --> 00:29:50,770
of how we moved forward.

563
00:29:50,767 --> 00:29:56,867
But this basic principle that we
don't leave anybody behind and

564
00:29:56,867 --> 00:30:01,097
this basic recognition that that
often means prisoner exchanges

565
00:30:01,100 --> 00:30:05,100
with enemies is not unique
to my administration --

566
00:30:05,100 --> 00:30:09,870
it dates back to the
beginning of our Republic.

567
00:30:09,867 --> 00:30:14,467
And with respect to
how we announced it,

568
00:30:14,467 --> 00:30:18,197
I think it was important for
people to understand that this

569
00:30:18,200 --> 00:30:21,870
is not some abstraction, this
is not a political football.

570
00:30:21,867 --> 00:30:26,397
You have a couple of parents
whose kid volunteered to fight

571
00:30:26,400 --> 00:30:32,830
in a distant land, who they
hadn't seen in five years

572
00:30:32,834 --> 00:30:34,804
and weren't sure whether
they'd ever see again.

573
00:30:37,133 --> 00:30:39,863
And as Commander-in-Chief of
the United States Armed Forces,

574
00:30:39,867 --> 00:30:44,197
I am responsible for those kids.

575
00:30:44,200 --> 00:30:48,600
And I get letters
from parents who say,

576
00:30:48,600 --> 00:30:50,470
if you are in fact
sending my child into war,

577
00:30:50,467 --> 00:30:52,937
make sure that that child
is being taken care of.

578
00:30:52,934 --> 00:30:58,364
And I write too many letters to
folks who unfortunately

579
00:30:58,367 --> 00:31:03,097
don't see their children
again after fighting the war.

580
00:31:03,100 --> 00:31:08,800
I make absolutely no apologies
for making sure that we get back

581
00:31:08,800 --> 00:31:12,030
a young man to his parents
and that the American people

582
00:31:12,033 --> 00:31:20,333
understand that this is
somebody's child and that we

583
00:31:20,333 --> 00:31:23,333
don't condition whether or
not we make the effort

584
00:31:23,333 --> 00:31:25,033
to try to get them back.

585
00:31:26,700 --> 00:31:28,030
Did you have a second question?

586
00:31:28,033 --> 00:31:29,233
The Press: For the
Prime Minister.

587
00:31:29,233 --> 00:31:30,433
President Obama: Oh, okay.

588
00:31:31,066 --> 00:31:33,296
You can ask him about football.

589
00:31:33,300 --> 00:31:34,670
Prime Minister Cameron:
First of all,

590
00:31:34,667 --> 00:31:35,637
on the issue of meeting
President Putin,

591
00:31:35,633 --> 00:31:36,903
I think it's right to
have this dialogue,

592
00:31:36,900 --> 00:31:38,630
particularly if you
have a clear message

593
00:31:38,633 --> 00:31:39,633
and a clear point to make.

594
00:31:39,633 --> 00:31:42,663
And I think there's a world of
difference between having a

595
00:31:42,667 --> 00:31:47,567
dialogue with President Putin
and excluding someone from

596
00:31:47,567 --> 00:31:51,037
an institution as significant
as the G8, now the G7.

597
00:31:51,033 --> 00:31:54,263
I think it was absolutely
right to exclude Russia.

598
00:31:54,266 --> 00:31:56,936
I think I was one of the first
G8 leaders to make that point.

599
00:31:56,934 --> 00:31:58,834
It was totally the right
decision and there's a world

600
00:31:58,834 --> 00:32:00,964
of difference between the
meeting we've just held,

601
00:32:00,967 --> 00:32:04,167
which did not include Russia,
and having a bilateral meeting

602
00:32:04,166 --> 00:32:07,466
where we discuss these
issues about Ukraine.

603
00:32:07,467 --> 00:32:10,667
On the issue of football, we
should let the investigation run

604
00:32:10,667 --> 00:32:13,937
its course but, of course,
England is the home of football

605
00:32:13,934 --> 00:32:16,964
as it's the home and inventor of
many sports -- tennis, rugby,

606
00:32:16,967 --> 00:32:19,237
golf, skiing, table
tennis, cricket.

607
00:32:19,233 --> 00:32:19,863
I don't think we can
lay claim to --

608
00:32:19,867 --> 00:32:21,467
President Obama:
Baseball, basketball.

609
00:32:21,467 --> 00:32:21,937
(laughter)

610
00:32:21,934 --> 00:32:22,504
Prime Minister Cameron: Well,

611
00:32:22,500 --> 00:32:23,670
I'm not sure that it
goes all the way --

612
00:32:23,667 --> 00:32:25,897
President Obama: I just
want to be clear here.

613
00:32:25,900 --> 00:32:27,700
Prime Minister Cameron: So we're
always happy to provide

614
00:32:27,700 --> 00:32:29,300
a home for these sports.

615
00:32:29,300 --> 00:32:30,500
President Obama: You did invent
the English language, though.

616
00:32:30,500 --> 00:32:31,300
Prime Minister Cameron: We did.

617
00:32:31,300 --> 00:32:31,930
(laughter)

618
00:32:31,934 --> 00:32:32,464
President Obama:
W appreciate it.

619
00:32:32,467 --> 00:32:33,467
Prime Minister Cameron:
You've made a few changes.

620
00:32:33,467 --> 00:32:33,737
President Obama: We have.

621
00:32:33,734 --> 00:32:34,364
(laughter)

622
00:32:34,367 --> 00:32:35,767
Prime Minister Cameron:
made a few changes to it

623
00:32:35,767 --> 00:32:36,637
but they don't hold us back.

624
00:32:36,633 --> 00:32:37,463
(laughter)

625
00:32:37,467 --> 00:32:39,837
Final question from Rageh
Omaar of ITV, I think.

626
00:32:41,467 --> 00:32:43,797
The Press: Mr. President,
Rageh Omaar, ITV News.

627
00:32:43,800 --> 00:32:47,300
You spoke about the importance
for you and your allies

628
00:32:47,300 --> 00:32:50,930
to be in complete lockstep
on the crisis in Ukraine.

629
00:32:50,934 --> 00:32:54,064
If this crisis shows no
sign of deescalating,

630
00:32:54,066 --> 00:32:57,836
you say that the next step will
be to add sectoral sanctions.

631
00:32:57,834 --> 00:33:02,304
Are you confident that you
will be in lockstep with

632
00:33:02,300 --> 00:33:06,070
all of the European
allies and G7 allies?

633
00:33:06,066 --> 00:33:08,896
Because there will be costs
and consequences for them

634
00:33:08,900 --> 00:33:12,700
and their economies as
sanctions get widened.

635
00:33:12,700 --> 00:33:15,330
Prime Minister, my question to
you is you spoke forcefully

636
00:33:15,333 --> 00:33:19,263
about the threat of extremist
ideology at home and abroad,

637
00:33:19,266 --> 00:33:21,366
described it as the
greatest threat to Britain

638
00:33:21,367 --> 00:33:23,067
and its allies.

639
00:33:23,066 --> 00:33:25,196
And even by your own
government's estimate,

640
00:33:25,200 --> 00:33:27,170
there are several hundred
British citizens learning

641
00:33:27,166 --> 00:33:30,466
to fight and kill in Syria.

642
00:33:30,467 --> 00:33:33,597
With regard to extremist
ideology at home,

643
00:33:33,600 --> 00:33:37,000
particularly in schools where
there has been a lot of concern,

644
00:33:37,000 --> 00:33:40,870
don't you think it's not only
unseemly but wrong for members

645
00:33:40,867 --> 00:33:43,867
of your own government to engage
in an argument about whether

646
00:33:43,867 --> 00:33:46,497
the priority should be
protecting British children

647
00:33:46,500 --> 00:33:48,630
against extremist ideology?

648
00:33:48,633 --> 00:33:50,463
Thank you.

649
00:33:50,467 --> 00:33:51,197
Prime Minister Cameron:
First of all,

650
00:33:51,200 --> 00:33:54,230
let me just say on the issue
of sectoral sanctions

651
00:33:54,233 --> 00:33:56,603
and this issue of
lockstep between the U.S.

652
00:33:56,600 --> 00:33:58,330
and countries of
the European Union,

653
00:33:58,333 --> 00:34:00,063
I think it has been very
striking, actually,

654
00:34:00,066 --> 00:34:03,066
over the last few months how
we've been able to stay

655
00:34:03,066 --> 00:34:05,596
as unified as we have.

656
00:34:05,600 --> 00:34:09,270
And I pay tribute to Barack
for his understanding of how

657
00:34:09,266 --> 00:34:12,136
important it is for us to try
and work together and deliver

658
00:34:12,133 --> 00:34:13,133
these messages together.

659
00:34:13,133 --> 00:34:14,333
And I think it has
surprised people.

660
00:34:14,333 --> 00:34:17,333
And I hope it has
surprised President Putin.

661
00:34:17,333 --> 00:34:19,003
In terms of tackling
extremism, I mean,

662
00:34:19,000 --> 00:34:22,070
I set up the UK
Extremism Task Force,

663
00:34:22,066 --> 00:34:25,466
which I chaired after the
appalling murder of Lee Rigby,

664
00:34:25,467 --> 00:34:27,497
because I wanted to make sure
that government was doing

665
00:34:27,500 --> 00:34:30,530
everything that it could to
drive extremism out of our

666
00:34:30,533 --> 00:34:33,763
schools, out of our
colleges, off campuses,

667
00:34:33,767 --> 00:34:37,237
out of prisons -- in every
part of national life.

668
00:34:37,233 --> 00:34:40,163
And I think it's very important
that we recognize that you've

669
00:34:40,166 --> 00:34:43,636
got to deal not only with
violent extremism but also the

670
00:34:43,633 --> 00:34:48,433
sink of extremism, of tolerating
extremist views from which

671
00:34:48,433 --> 00:34:49,433
violence can grow.

672
00:34:49,433 --> 00:34:52,033
And the whole government is
signed up to that agenda

673
00:34:52,033 --> 00:34:55,503
and is driving through changes
to deliver that agenda.

674
00:34:55,500 --> 00:34:59,030
As for these issues
for the last day or so,

675
00:34:59,033 --> 00:35:02,703
I will get to the bottom of who
said what and what has happened,

676
00:35:02,700 --> 00:35:04,870
and I'll sort it all out once
I've finished these important

677
00:35:04,867 --> 00:35:06,297
meetings I'm having here.

678
00:35:06,300 --> 00:35:11,570
President Obama: I think what
has been striking is the degree

679
00:35:11,567 --> 00:35:17,867
of solidarity between the United
States and Europe in dealing

680
00:35:17,867 --> 00:35:18,997
with the Ukraine crisis.

681
00:35:19,000 --> 00:35:21,630
I think a lot of people
anticipated very early

682
00:35:21,633 --> 00:35:28,703
on that immediately the
two sides would fly apart.

683
00:35:28,700 --> 00:35:34,230
And, in fact, there has been
consistency in affirming the

684
00:35:34,233 --> 00:35:38,003
core values that had been at
the heart of a united

685
00:35:38,000 --> 00:35:39,000
and prosperous Europe.

686
00:35:39,000 --> 00:35:45,870
And that's despite the very real
economic consequences that

687
00:35:45,867 --> 00:35:49,367
can arise by applying
sanctions against Russia.

688
00:35:49,367 --> 00:35:55,937
I think Europeans understand
that the reason we've seen such

689
00:35:55,934 --> 00:36:01,934
extraordinary growth and
peace on this continent has

690
00:36:01,934 --> 00:36:04,804
to do with certain values
and certain principles

691
00:36:04,800 --> 00:36:06,130
that have to be upheld.

692
00:36:06,133 --> 00:36:14,303
And when they are so
blatantly disregarded,

693
00:36:14,300 --> 00:36:19,130
the choice is clear: Europeans
have to stand up for

694
00:36:19,133 --> 00:36:23,533
those ideals and principles
even if it creates

695
00:36:23,533 --> 00:36:25,663
some economic inconvenience.

696
00:36:25,667 --> 00:36:29,897
Now, having said that, sectoral
sanctions are broader;

697
00:36:29,900 --> 00:36:32,530
they'd be more significant.

698
00:36:32,533 --> 00:36:35,363
Our technical teams have been
consulting with the European

699
00:36:35,367 --> 00:36:39,437
Commission to identify sanctions
that would maximize impact

700
00:36:39,433 --> 00:36:45,433
on Russia and minimize adverse
impacts on European countries.

701
00:36:50,667 --> 00:36:52,537
And that work is ongoing.

702
00:36:52,533 --> 00:36:54,603
My hope is, is that we don't
have to exercise them

703
00:36:54,600 --> 00:36:57,900
because Mr. Putin has made
some better decisions.

704
00:36:57,900 --> 00:37:01,170
I think, by the way, it would
also be better for Russia

705
00:37:01,166 --> 00:37:04,336
because the Russian economy is
not in good shape right now.

706
00:37:04,333 --> 00:37:08,163
We've seen significant capital
flight just from the sanctions

707
00:37:08,166 --> 00:37:12,496
that we've already applied;
that could easily worsen.

708
00:37:12,500 --> 00:37:14,570
And if we have
sectoral sanctions,

709
00:37:14,567 --> 00:37:18,967
I think it will inevitably
hit Russia a lot worse than

710
00:37:18,967 --> 00:37:22,597
it hits Europe, which have
much more diversified

711
00:37:22,600 --> 00:37:25,430
and resilient economies.

712
00:37:25,433 --> 00:37:31,563
Do I expect unanimity
among the 28 EU members?

713
00:37:31,567 --> 00:37:34,037
I have now been President
for five and a half years,

714
00:37:34,033 --> 00:37:39,603
and I've learned a thing or
two about the European Union,

715
00:37:39,600 --> 00:37:41,970
the European Commission,
the European Council.

716
00:37:41,967 --> 00:37:45,067
Sometimes I get them mixed up --

717
00:37:45,066 --> 00:37:45,796
Prime Minister Cameron:
Welcome to the club.

718
00:37:45,800 --> 00:37:46,930
(laughter)

719
00:37:46,934 --> 00:37:48,434
President Obama: but the
basic principle that

720
00:37:48,433 --> 00:37:51,833
if you've got 28 people
sitting around a table,

721
00:37:51,834 --> 00:37:53,104
that not everybody
is going to agree,

722
00:37:53,100 --> 00:37:56,200
I think we take
that for granted.

723
00:37:58,266 --> 00:38:02,066
And I also think
that if, in fact,

724
00:38:02,066 --> 00:38:04,036
we have to move to
sectoral sanctions,

725
00:38:04,033 --> 00:38:07,833
it's important to take
individual country sensitivities

726
00:38:07,834 --> 00:38:11,434
in mind and make sure that
everybody is ponying up,

727
00:38:11,433 --> 00:38:15,033
that everybody is
bearing their fair share.

728
00:38:15,033 --> 00:38:18,163
Some people are going to be
more concerned about defense

729
00:38:18,166 --> 00:38:20,596
relations, some people are going
to be more concerned about

730
00:38:20,600 --> 00:38:28,330
the financial sector, others might
be more concerned about trade

731
00:38:28,333 --> 00:38:31,033
and basic goods and services.

732
00:38:31,033 --> 00:38:34,003
And so that's the technical
work that is being done.

733
00:38:34,000 --> 00:38:38,170
Again, my hope is, is that
we don't have to use it.

734
00:38:38,166 --> 00:38:42,666
But I've been heartened
by the steadfastness

735
00:38:42,667 --> 00:38:44,397
of Europe thus far.

736
00:38:44,400 --> 00:38:48,130
I think that people
underestimate the degree

737
00:38:48,133 --> 00:38:53,403
to which, given the history of this
continent -- certainly 

738
00:38:53,400 --> 00:38:59,270
in the 20th century -- that people are
not interested in seeing any

739
00:38:59,266 --> 00:39:03,636
chinks in the armor, and
they recognize that that's

740
00:39:03,633 --> 00:39:05,803
worth working for.

741
00:39:05,800 --> 00:39:07,800
Thank you very much, everybody.

742
00:39:07,800 --> 00:39:08,370
Thank you, David.