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18 Jun 2013
G8 calls for a quick implementation of the Eurozone banking union
FXstreet.com (Barcelona) - G8 leaders, who hold a two-day summit in Enniskillen in North Ireland this week, urged Eurozone countries to increase efforts to form a banking union in the area.
The G8 emphasized the importance of speeding up the process of building the banking union and generally of propping up the Eurozone economy. The officials insisted that it was necessary to continue implementing reforms as the area still remains in recession, even though the impact of the crisis has been waning.
The leaders of the eight wealthiest countries in the world also urged Japan to come up with a credible medium-term fiscal program. As far as the outlook for the global economy is concerned, the G8 agreed that it remains weak.
The G8 emphasized the importance of speeding up the process of building the banking union and generally of propping up the Eurozone economy. The officials insisted that it was necessary to continue implementing reforms as the area still remains in recession, even though the impact of the crisis has been waning.
The leaders of the eight wealthiest countries in the world also urged Japan to come up with a credible medium-term fiscal program. As far as the outlook for the global economy is concerned, the G8 agreed that it remains weak.