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Ghost of Lehman Haunts G-7 Amid Europe Debt-Crisis Paralysis

Europe’s finance chiefs face international calls today to accelerate efforts to contain their debt crisis as mounting bets on a Greek default highlight the biggest threat to the global economy.

As central bankers and finance ministers from the Group of Seven nations convene in Marseille, France, for their first face-to-face talks since they promised “coordinated action” Aug. 8 to calm financial markets, Europe’s failure to stamp out investor worries over sovereign debts are set to be the focus.