News Summary: Obama says EU may affect US vote

News Summary: Obama says European economic crisis could affect his re-election chances

EUROPE EFFECT: President Barack Obama says Europe's economic situation could validate his own efforts to strengthen the U.S. economy and creating jobs, but acknowledged he can't control the pace of action there.

STILL CONFIDENT: As he wrapped up the Group of 20 world economic summit on Wednesday, Obama said he still believes Europe can right itself.

IT'S THE ECONOMY: Obama's prospects for a second term are in question as GOP challenger Mitt Romney campaign focuses mainly on the U.S. economy.

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