BRUSSELS: Leaders of the powerful G7 nations raced on Sunday for a joint response to spiralling tension over the eurozone debt crisis and downgrade of the US credit rating ahead of the opening of markets on Monday.
After stock markets suffered their worst falls since 2008 last week, vacationing leaders scrambled in a flurry of phone calls from London to Paris to Washington to salvage confidence before the clock strikes in New Zealand, the first market to open in Asia.
Finance ministers and
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