BERLIN (MNI) – The sovereign debt crisis in the Eurozone won’t be
the focus of the G8 summit in the French seaside town of Deauville later
this week, a senior German government official said Tuesday.
“The clear focus will be on the developments in Northern Africa,”
the source said.
Some of the G8 leaders “might also say something on the Eurozone,
others might say something on international imbalances and indebtedness,
but this will not be a key aspect of the discussion,” he stressed.
“Italy will also not be a topic in my view,” he added.
The rating agency S&P on Monday revised its outlook on Italy’s A+
rating from stable to negative.
The G8’s final statement will likely also not mention the Eurozone
debt crisis, the official said.
Moreover, the G8 leaders at their Deauville meeting likely won’t
agree already on a candidate for the helm of the International Monetary
Fund, the source explained.
“In my view the G8 summit is not the right body to nominate the
next managing director of the IMF,” the official said. “Not all of the
countries, which play a role [in that process] will be represented at
the G8 summit,” he noted.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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