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G-8 says commodity rise threatens growth

Posted on 27 May 2011

Group of Eight leaders said a strengthening global economy will pave the way to cuts in the debt built up in the recession that followed the 2008 financial crisis.
Europe vowed to fight its fiscal woes with “determination,” while President Barack Obama promised a “clear and credible” U.S. deficit-reduction strategy. Japan was allowed to put off savings measures until its economy rebounds from the March earthquake and tsunami……………………………………….Full Article: Source


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