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Monday, June 04, 2012

G7 Emergency Talks on Tuesday

by Calculated Risk on 6/04/2012 03:26:00 PM

From Reuters: G7 to hold emergency euro zone talks, Spain top concern

Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday ...

Canadian Finance Minister Jim Flaherty said ministers and central bankers of the United States, Canada, Japan, Britain, Germany, France and Italy would hold a special conference call, raising pressure on the Europeans to act.

"The real concern right now is Europe of course - the weakness in some of the banks in Europe, the fact they're undercapitalized, the fact the other European countries in the euro zone have not taken sufficient action yet to address those issues of undercapitalization of banks and building an adequate firewall," Flaherty told reporters.
Over the weekend, I put together a short list of key dates this month for Europe. There will probably be plenty of "emergency" discussions too.