G7 host Baroin: Ministers discussed world economy, need to coordinate fiscal, monetary policies
- G7 decided on coordinated response to slowdown in global growth
- Reaffirmed commitment to honoring sovereign debt
- Must put into place fiscal adjustments anchored in fostering growth
- Fiscal adjustments must be made taking into account different national circumstances
- Central banks are ready to supply liquidity to banks
- We will communicate amongst ourselves on any possible interventions in Forex market
- There is no “Plan B” for Greece
- Euro area will meet timetable on Greece
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