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G8 Summit Proves Anticlimactic

Published 05/22/2012, 06:39 AM
Updated 02/13/2020, 10:25 AM

As expected-the G8 Summit was anticlimactic - and  produced nothing new.

The eurozone had lots of issues last week: New French leader looks at growth, not austerity and Spain’s budget deficit problems grow wider. Greece: will the country leave the euro or not?

G8 members are showing their continued support for Greece to stay with the euro.

European leaders are having their own summit meeting this Wednesday-Boy they like to go to meetings! One of the main discussions will center around the fact that France’s new President, who won the election because he called for growth, is clearly at odds with Germany’s desire to cut spending and put the region on austerity measures.

Asian equity markets were mostly higher-while Europe and US futures are all in positive territory.

Gold & silver are lower and oil is a touch higher.

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