Finance ministers, seeking to prevent another global recession, increased pressure on European countries to resolve their debt crisis by coming up with a bold rescue plan, but there were indications of further divisions ahead over what new actions to take.
Officials from the U.S. and other countries outside of Europe, concerned at the impact the crisis is having on their own economies and jittery financial markets, told their European counterparts time is running short to prevent potential domino-style defaults in Europe.
From: http://ping.fm/lR9ul
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