People Of WFIT
Fri May 18, 2012
G8 Summit To Discus Greece's Troubled Economy
Originally published on Fri May 18, 2012 4:49 pm
STEVE INSKEEP, HOST:
The president makes the food security announcement as world leaders prepare to meet at Camp David.
DAVID GREENE, HOST:
This G8 summit coming this weekend includes leaders from the world's largest economies and they'll be discussing what to do about the very troublesome economy in Greece.
INSKEEP: Greece keeps cutting its budget to help pay debts and avoid default, but then its economy keeps contracting, making the problem worse.
GREENE: The new French president, Francois Hollande, wants to find a way to stimulate Europe's economy.
INSKEEP: President Obama and British Prime Minister David Cameron agree.
GREENE: Germany's Chancellor Angela Merkel has resisted. Transcript provided by NPR, Copyright National Public Radio.