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G8 Class photo

6 years ago49 views

reuters

Reuters

ROUGH CUT (NO REPORTER NARRATION)

STORY: U.S. President Barack Obama pledged at a Group of Eight summit on Saturday (May 19)to work with Europe on a package that balances growth with debt reduction as world leaders try to prevent the worsening euro zone crisis from destabilizing the global economy.

U.S. President Barack Obama told reporters that there was, "more work to do" when asked if the G8 has made any decisions about the euro zone.

At the wooded Camp David retreat in Maryland's Catoctin Mountains, Obama and leaders from other major economic powers are seeking ways to soothe financial markets after worries about Spain's banking problems and the risk of a Greek exit from the euro zone sent world stocks to their lowest levels this year.