At the G-20 conference at Cannes, the Europeans were smart. They know it is over and Greece will never pay off its debt. Like a patient on life support, it will linger for a few more agonizing weeks, months, maybe even a year, and then give up the ghost--along with billions of European and US dollars.
But Obama? Well, he is the "president" of the richest country in the world and has never worked a day in his life, so what are a few billion of your dollars to him?