Governments around the world sought on Friday to calm financial markets hit by fears that Greece's debt crisis could cause turmoil in other European economies
Group of Seven finance ministers discussed the debt problems in a conference call after Federal Reserve officials expressed concern and President Barack Obama told German Chancellor Angela Merkel by telephone that he backed efforts to rescue Greece.
"We agreed on the importance of a strong policy response by the affected countries and a strong financial response from the international community," Obama said. more...
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Governments around the world sought on Friday to calm financial markets hit by fears that Greece's debt crisis could cause turmoil in other European economies
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