среда, 14 марта 2012 г.

Credit and Market Turmoil Top G7 Agenda

WASHINGTON - Curbing fallout in the global economy from a credit crisis that panicked investors worldwide is the dominant topic as finance officials from top economic powers meet.

Risks to the global economy have intensified since finance officials from the Group of Seven countries last gathered here in April.

The housing slump in the United States has deepened. Problem mortgages have multiplied. Credit has dried up for risky and some not-so-risky borrowers. The spreading troubles unhinged Wall Street in the late summer and sent stocks worldwide into a tailspin.

Things have calmed down since, but the financial situation remains fragile. It will take time for …

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