G8 warns Greece it must sort out crisis

THE Group of Eight leaders, meeting in France yesterday, piled pressure on Greece to sort out its debt crisis, saying the debts of some European governments were weighing down a labouring world economy.

One European diplomatic source said the US delegation, led by President Barack Obama, had voiced concerns about a weaker euro, hit by the debt crisis, hurting US export efforts.

US officials were not immediately available to comment, but the diplomat from an EU country said Washington had “asked for a serious debate about the euro’s weakness against the dollar that could create problems for US exports.”