The banking troubles on the Mediterranean island renewed fears that a prolonged European debt crisis still posed risks to the global economy.
The U.S. urged European nations to scale back their austerity programs of spending cuts and tax increases in favor of more stimulus to boost growth and combat high unemployment in countries such as Spain and Greece.
[...] the financial leaders sought to bridge the difference by issuing economic blueprints that left room for both the growth and austerity camps to claim victory.
The U.S. urged European nations to scale back their austerity programs of spending cuts and tax increases in favor of more stimulus to boost growth and combat high unemployment in countries such as Spain and Greece.
[...] the financial leaders sought to bridge the difference by issuing economic blueprints that left room for both the growth and austerity camps to claim victory.
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