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G8 Summit To Discus Greece's Troubled Economy

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G8 Summit To Discus Greece's Troubled Economy

Economy

G8 Summit To Discus Greece's Troubled Economy

G8 Summit To Discus Greece's Troubled Economy

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Greece keeps cutting its budget to help pay debts and avoid default but then its economy keeps contracting, making the problem worse. The new French President Francois Hollande wants to find a way to stimulate Europe's economy.

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.

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