MNeagle
7th May 2010, 04:20 PM
(Reuters) - The Group of Seven rich countries is concerned about Greece's debt problems, a Canadian official said on Friday, and hinted that there may be other countries that will also need help.
Canada is this year's chair of the G7.
Canadian Finance Minister Jim Flaherty would not discuss the substance of talks between G7 finance ministers and central bank governors early on Friday, but said his G7 partners were watching developments closely.
"We are concerned. We're consulting closely with our international partners."
In addition to Canada, the G7 includes Britain, France, Germany, Italy, Japan and the United States.
Echoing comments from other G7 officials, Flaherty told reporters that the G7 believed countries that are borrowing heavily need to rein in fiscal deficits. But he questioned if they could do that on their own.
Link to Article (http://www.reuters.com/article/idUSTRE6466ST20100507?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28New s+%2F+US+%2F+Business+News%29)
EDIT: Changed long link to named link to prevent horizontal scrolling. -Gaillo
Canada is this year's chair of the G7.
Canadian Finance Minister Jim Flaherty would not discuss the substance of talks between G7 finance ministers and central bank governors early on Friday, but said his G7 partners were watching developments closely.
"We are concerned. We're consulting closely with our international partners."
In addition to Canada, the G7 includes Britain, France, Germany, Italy, Japan and the United States.
Echoing comments from other G7 officials, Flaherty told reporters that the G7 believed countries that are borrowing heavily need to rein in fiscal deficits. But he questioned if they could do that on their own.
Link to Article (http://www.reuters.com/article/idUSTRE6466ST20100507?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28New s+%2F+US+%2F+Business+News%29)
EDIT: Changed long link to named link to prevent horizontal scrolling. -Gaillo