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Eurozone crisis to top G8 summit agenda

  • The eurozone crisis is expected to dominate talks at the Group of Eight (G8) summit as U.S. President Barack Obama will urge European leaders to ease up on fiscal austerity and focus on economic growth.

    At the Camp David retreat in Maryland’s Catoctin Mountains, G8 leaders will seek to forge a common approach to tackle the crisis that is threatening the future of Europe's 17-nation single currency.

    Though no major policies are expected to be made by the G8 leaders, investors hope they will soothe rattled markets following fears of a possible Greek exit from the eurozone.

    Also on the summit agenda will be concerns about oil and food prices as well as Afghanistan, Iran, Syria and North Korea.

     

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