Sunday, August 7, 2011

WRAPUP 9-World leaders confer on debt crises this weekend | Reuters

WRAPUP 9-World leaders confer on debt crises this weekend | Reuters: "PARIS/WASHINGTON, Aug 6 (Reuters) - Global leaders on Saturday arranged a round of emergency calls to discuss the twin debt crises in Europe and the United States that are causing turmoil in financial markets.

After a week that saw $2.5 trillion wiped off global stock markets, they are under pressure to show political leadership and reassure markets that Western governments have both the will and ability to reduce their huge and growing public debt loads."

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