Sunday, October 16, 2011

G-20 finance chiefs meet on debt crisis, economy (AP)

PARIS ? Finance ministers and central bank governors of the world's leading economies are gathering in Paris to discuss how to save Greece from bankruptcy, beat a path out of Europe's wider debt crisis and restart global economic growth.

Despite the high stakes, leaders have kept expectations low for Friday and Saturday's Group of 20 meeting in Paris. They have promised a plan by the end of the month, and this weekend is likely to be dominated by behind-doors negotiations.

The meeting opens Friday evening with a dinner. Among the topics expected to be addressed are the recapitalization of banks that hold risky debt, a way to lower Greece's debt burden and measures to stimulate the world economy.

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20111014/ap_on_bi_ge/eu_g20_finance

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