G-20 Leaders Hold Crisis Talks on Ireland Debt Burden
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Group of 20 leaders discussed Ireland’s debt crisis, which has driven bond yields to records and weakened the euro on concern the European Union will need to step in with a bailout.
Finance ministers from Germany, France and the U.K. are monitoring developments and will probably issue a joint statement later today, said Steffen Seibert, a spokesman for German Chancellor Angela Merkel. G-20 leaders spent a considerable time discussing Europe’s debt woes, said a U.S. official who participated in the meetings in Seoul and spoke to White House reporters on condition of anonymity.