G-8 leaders put focus on European financial crisis | Inquirer News

G-8 leaders put focus on European financial crisis

/ 11:10 PM May 19, 2012

WORLD’S MOST POWERFUL In this picture provided by the German Government's Press Office, US President Barack Obama, fourth right, and clockwise: British Prime Minister David Cameron, the Russian Prime Minister Dmitri Medvedev German chancellor Angela Merkel, European Council President Herman Van Rompuy, the President of the European Commission Jose Manuel Barroso, the Prime Minister of Japan, Yoshihiko Noda, Italian Prime Minister Mario Monti, Canadian Prime Minister, Stephen Harper, and French President Francois Hollande, are photographed during talks of the G-8 summit at Camp David USA Friday May 18, 2012. AP/Guido Bergmann/German Government

CAMP DAVID, Maryland — President Barack Obama says he and leaders of seven other major industrial nations are focusing on economic concerns during discussions at Camp David.

Obama told reporters Saturday that the leaders covered a lot of ground in talks the night before, from Iran to Syria and North Korea.

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The president also mentioned the debt crisis among the European countries that share the euro as their currency. The crisis directly affects many of the leaders joining Obama for the Group of Eight meeting at the presidential retreat in Maryland.

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He says they’re all committed to a path that combines “growth and stability and fiscal consolidation.”

Obama also says Saturday’s discussions will cover the energy markets.

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