World needs more German spending: Obama aide

The latest European growth data underline the case for Germany to spend and invest more both at home and abroad, a senior economic advisor to President Obama told a public discussion in London on Friday. Caroline Atkinson, Deputy Assistant to President Obama and Deputy National Security Advisor for International Economics, also said European governments that have twice bailed-out Greece should compromise further on a deal to keep it in the euro zone. Speaking at London's Chatham House institute,