COSTELLO: All right back to Brussels President Obama now speaking. Let's listen.</s>BARACK OBAMA, PRESIDENT OF THE UNITED STATES: We've met at the White House. We've met in Northern Ireland, this week in The Hague so it's good to finally meet the President of the European Union at the European Union. As I've said before, Europe is America's closest partner. Europe, including the European Union, is the cornerstone of our engagement around the globe. We are more secure and we are more prosperous. The world is safer and more just when Europe and America stand as one. And later today, I look forward to speaking to the young people from across Europe about how we can sustain the values and ideals that are at the heart of our</s>UNIDENTIFIED MALE: Thank you for your statement, President Obama. Now, there is time for two questions. Thank you for your kind understanding. Please state your name and the media you're representing before addressing your question. Yes, sir.</s>CHRISTIAN BERMA, GERMAN PRESS AGENCY: Christian Berma (ph), German Press Agency -- GPA. Good afternoon. I have one question for the Presidents Obama, Barroso and Van Rompuy. First is on Russia and Ukraine. Given that the U.S. has less to lose from economic sanctions against Russia, would it be appropriate to (inaudible) report for European allies for example in the realm of energy. Second, you mentioned all three, the transatlantic trade and investment partnership. A lot of citizens have concerns. They fears that standards for environment protection or consumer protection might be at stake. How do you want to convince these citizens? Thank you very much.</s>OBAMA: With respect to sanctions, so far what we've seen is excellent coordination between the United States and Europe. I think on both sides of the Atlantic, there was recognition that in the initial incursion into Crimea, we had to take some very specific steps. And we did, identifying individuals that were in part responsible for those actions.
Obama Speaks after US-EU Summit