White House: Greek Decision Shows Urgency of Euro Crisis

The White House said Tuesday that the shock decision of Greek Prime Minister George Papandreou to hold a referendum showed the need for Europe to ''elaborate further and implement rapidly'' a debt rescue package the common currency bloc's leaders agreed to last week.

White House press secretary Jay Carney also reiterated in a briefing with reporters that Washington believes Europe has the capacity to deal with its crisis and it would do so.

(Reporting by Caren Bohan and Alister Bull; editing by Jackie Frank; email: alister.bull@thomsonreuters.com; +1-202-898-8392)