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LOS CABOS, MEXICO - President Barack Obama says European leaders 'grasp the seriousness' of their debt crisis and are moving with 'heightened sense of urgency' to find a solution.

In a news conference in Los Cabos, Mexico, following a G-20 economic summit, Obama said the economic problems in Europe won't be solved by the G-20 or the United States, but by European nations.

He said he was confident they could do that, but acknowledged the difficulty of getting all the separate legislatures to agree.