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Obama, Fernandez Meet In Cannes, France

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President Barack Obama meets with Argentina's President Cristina Fernandez at the G20 Summit in Cannes, France, Friday, Nov. 4, 2011. (AP Photo/Charles Dharapak) | AP

CANNES, France -- President Barack Obama says a meeting with Argentina's president gave them a nice opportunity to build on the long history between their countries.

Obama said the U.S. and Argentina share a range of common interests and concerns, including about the global economy. Argentina suffered a devastating default on its debt in 2001 but has experienced nearly a decade of strong economic growth since then.

Obama and President Cristina Fernandez were expected to talk about cooperation on economics, trade, science and security issues during a private meeting on the sidelines of a global economic summit in Cannes, France.

The U.S. president also congratulated Fernandez on her recent re-election to a second term.

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