Lack of agreement in latest G8 meeting…

Monday, 21 May 2012 02:48

The leaders of U.S, Britain, France, Italy, Germany, Canada, Japan and Russia, together with EU representatives meet on Saturday in Camp David, summer residence of presidents of U.S.
Discussions were dominated by current problems with debt crisis in Europe and conflict with Iran. Leaders could not establish common position regarding methods of resolving those issues.
Britain and Germany stressed that main target should be deficit reduction, while French new president Francois Hollande indicated that increase of government spending could really refresh European economy.