
The fight against unemployment and support for the economy will become the main tasks for the governments of the Eight countries, the G8 leaders at the Camp David summit agreed. “Our duty is to stimulate economic growth and employment,” the declaration says following the results of the summit.
A significant part of the discussion by the parties devoted to the crisis of the euro. The situation with the euro became the main theme of the meeting of Prime Minister Dmitry Medvedev with German Chancellor Angela Merkel. Medvedev assured the partners in the "eight" that Russia does not intend to reduce the share of the euro in its gold and foreign exchange reserves, writes RBC Daily . According to him, the reduction of a single European currency in favor of other tools would give a wrong signal to the market participants.
The leaders of the Eight paid special attention to Greece as the most sick point in the eurozone. The position of Athens was dedicated to more than one hour of debate of the second day of the summit, and it was in a hurry in the final Komnunik G8. Ultimately, the leaders of the "eight" spoke out for the preservation of Greece in the euro zone, but subject to Athens of the previously taken obligations.
It is easy to play for economic growth in order to avoid a major crisis in Europe, but how difficult it will be to realize these good intentions, Inopressa writes, quoting an editorial article in the French Le Figaro .
Francois Hollande easily found with Barack Obama a common language that budget savings should not kill European economies, because this will lead to a world recession, which nullifies the American president’s chances for a re -election. Thus, the "big eight" set a common goal with extremely vague outlines, it remains to find the means of its implementation.
Does Hollande have a miraculous recipe for solving Greek puzzles and restoring economic growth without attracting loans and German money? His proposal to use European funds for saving Spanish banks did not find adherents.