WASHINGTON (AP) — Finance officials meeting in Washington are struggling to find ways to keep Europe’s debt crisis from tumbling out of control.
The finance ministers and central bankers are pushing for bold action by the Group of 20 nations to get the global economy back on track, while wavering over helping Greece avoid a destabilizing default.
The focus of the discussions shifts Saturday from the G-20 to the International Monetary Fund and the World Bank. Both have warned the global economy is entering dangerous waters.
To avoid this, G-20 officials are pledging to do whatever’s necessary to stabilize financial markets. They’re also encouraging Europe to move quickly on its promises to help Greece.