President Barack Obama says he looks forward to a NATO alliance that is revitalized for the 21st century. President Obama vowed here on Friday to work with Portugal and all of Europe as Lisbon tires to cut public debt and soothe financial market fears. Portugal, struggling with a substantial public debt and deficit has had to pay dearly to borrow money on the bond market and has been under pressure to shore up public finances. The country parliament has approved a budget including salary cuts for government workers, which drew tens of thousands protestors into the streets.

(Looking Good there Looking Good^_^)

Portugal premier said there was a broad agreement with Obama about the need for regulation of the financial markets. Both Spain and Portugal are trying to prevent market concerns about the devastation in Ireland’s banking sector spreading to their countries and triggering a new Greek-style debt crisis. President Obama said “Obviously, Portugal is working through challenges created by financial markets, I think that it’s important to note that the prime minister has committed himself to a very vigorous package of economic steps, and we are going to be working with all of Europe as well as Portugal to support these efforts.”

In related news First Lady  Michelle Obama is still looking  amazing.Ok Ok Ok so its not related news by I know I needed some eye candy.