Group of Eight leaders stressed in their Saturday discussions the need for European countries to minimise contagion from the euro zone's economic crisis through both fiscal consolidation and growth, a senior White House aide said.
The euro hit five-week lows versus both the dollar and the yen on Thursday as bond market turmoil spread across Europe, sparking calls for the European Central Bank to intervene more forcefully in markets.
Investors were also nervously wat
Euro zone countries and the IMF need to show they can deliver a rescue plan for Greece, including a debt buy back, in the coming days to avoid financial markets "spinning out of control," a bank lobby group said.
The Institute of Internati