With growth stalled, the pressure is on governments across Europe, not just ones using the single currency, to cut spending in order to meet debt obligations.

BBC: Europe leaders warn of difficult 2012

Negotiations between the airline and the unions have stalled, despite Spanish government pressure and the appointment of a mediator.

CNN: Workers at Spain's Iberia airline step up strike action

Without such U.S. pressure, Clinton fears the stalled peace process will completely collapse.

CNN: Clinton To Meet With Netanyahu Today - 01-19-98