Monday, August 21, 2017
Text Size

Site Search powered by Ajax

Europe's economy to dominate G8 summit

President Barack Obama met his French counterpart, Francois HollandeEurope's financial woes are expected to dominate the G8 summit a summit in the US.

Leaders of the world's most industrialised nations are meeting at Camp David, just outside Washington, DC.

Hours before welcoming the participants, US President Barack Obama met his French counterpart, Francois Hollande, and threw his weight behind France's demand for pro-growth policies in Europe.

Obama said the two agreed that tackling the eurozone crisis was "an issue of extraordinary importance, not only to the people of Europe, but also to the world economy".

"We're looking forward to a fruitful discussion later this evening and tomorrow with the other G8 leaders about how we can manage a responsible approach to fiscal consolidation that is coupled with a strong growth agenda," he said.

Hollande, who was elected just two two weeks ago, said growth must be the priority, maintaining his stance that austerity measures alone would be insufficient to reverse the crisis in Europe.

blog comments powered by Disqus

Subscribe via RSS or Email:

US comedy icon Jerry Lewis dies at 91

Read More

Dick Gregory, civil rights activist and comedian, dies

Read More

Researchers find wreckage of WWII-era USS Indianapolis

Read More

Venezuela 'congress in resistance' rejects new assembly

Read More

Luisa Ortega 'fearing for her life' flees to Colombia

Read More

Cautious welcome online for Steve Bannon's exit

Read More


Modest increase in troops expected as analysts rule out consideration of political solution to end 16-year war.

Read More


Thanks to all of our supporters for your generosity and your encouragement of an independent press!

Enter Amount:



Login reminder Forgot login?

Subscribe to MWC News Alert

Email Address

Subscribe in a reader Facebok page Twitter page

Week in Pictures

Sierra Leone mudslides

'Unite the Right' rally