G-8 leaders focus on European financial crisis

Maryland – Leaders of the largest industrialized countries will focus on Europe’s economic turmoil when they resume talks Saturday at their annual economic summit.

U.S. President Barack Obama will press Group of Eight leaders to consider a growth agenda as they discuss ways to tackle the mounting debt that has threatened the stability of the euro zone.

The economic woes involving the 17-nation single currency could impact other nations, including the United States.

The G-8 leaders are expected to focus on debt-ridden Greece, which could abandon the euro to escape austerity measures.

At a Friday news conference, European Commission President Jose Manuel Barroso said it is important for Greece and other euro zone members to respect commitments.