Daily Mail
"Stock markets will remain on tenterhooks after the two-day meeting of finance ministers from the G7 leading nations in Canada did little to ease growing concerns about the deep European budget crisis that has sent the euro and share prices plummeting.Telling the International Monetary Fund to keep its distance, G7 ministers said that there would be a ' European' solution to the problems affecting Greece.European Central Bank president Jean-Claude Trichet said he was ' confident that Greece would meet tougher new belttightening targets'.Greece's budget deficit has mushroomed to almost13% of its national economy. And its debt has kept growing, threatening the economic stability of the entire euro zone.Greek finance minister George Papaconstantinou said yesterday: 'Greece will stick to its deficit-cutting plan. The first three months of the year will be crucial for regaining investors and EU confidence.'
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