Eurozone dominates G8 talks


President Obama hosted the G8 Summit set for May 18-19. Leaders of the world's eight richest economies gathered to discuss how to deal with the European debt crisis amid fresh concerns that it could spark widespread financial turmoil.The leaders are also concerned about issues including the conflict in Syria and the threat of nuclear-weapons proliferation. They plan to talk about global efforts to guard against famine and malnutrition.

But the big and unavoidable issue is clear. Europe's sovereign debt crisis has flared anew since recent elections in Greece and France, sending negative financial ripples worldwide. Getting the eurozone back on track is Job No. 1.

 This was 38th G8 summit and was held in Camp David, Maryland, United States. The G8 consists of Britain, Canada, France, Germany, Italy, Japan, Russia and the United States.

 

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