The White House has welcomed today's EU agreement for deeper economic integration in the euro zone as progress, but added that more needed to be done.
"We think that signs of progress are good, that this is a sign of progress, but more still needs to be done, obviously," White House spokesman Jay Carney said.
"In the end it is a European problem that needs a European solution," he said. "And we believe that they need to act conclusively and decisively to resolve it. But there has been some progress and that's a good thing."
The White House spokesman also said the International Monetary Fund had substantial resources for dealing with the European debt crisis and Americans were not going to make any more commitments.
"Our position hasn't changed which is that IMF has substantial resources and that American taxpayers are not going to have to make any more commitments to the IMF," White House spokesman Jay Carney said.