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G8 leaders end summit with pledge to keep Greece in eurozone

Posted By admin On May 20, 2012 @ 5:30 am In World News | Comments Disabled

Ewen MacAskill
London Guardian [1]
May 20, 2012

Barack Obama and the other G8 leaders wrapped up their negotiations on the European crisis at Camp David on Saturday with a pledge to keep Greece in the eurozone and to promote growth.

The communique, which had the growth promise at the top, represents a victory for Obama and the new French president, Fran├žois Hollande, over German chancellor, Angela Merkel, who has resisted calls for a stimulus package.

But it may be shortlived. The communique was short in detail and Merkel could re-establish her dominance next week at an informal European meeting.

The eight leaders meeting at the US presidential retreat in Maryland issued a communique declaring in its opening paragraph: “Our imperative is to promote growth and jobs.”

Full article here [1]

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[1] London Guardian: http://www.guardian.co.uk/world/2012/may/19/g8-summit-greece-us-france-germany

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