CAMP DAVID, Maryland (Reuters) - World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis.
A summit of the G8 leading industrialized nations came down solidly in favor of a push to balance European austerity - an approach long driven by German Chancellor Angela Merkel - with a new dose of U.S.-style stimulus seen as vital to healing ailing euro-zone economies. But it was clear that divisions remained.
"We commit to take all necessary steps to strengthen and reinvigorate our economies and combat financial stresses, recognizing that the right measures are not the same for each of us," the leaders said in a joint statement issued at their meeting at the Camp David presidential retreat in Maryland.
The overarching message from the summit hosted by President Barack Obama reflected his own concerns that the euro-zone contagion, which threatens the future of Europe's 17-country single currency bloc, could hurt the fragile U.S. recovery and his re-election chances in November.
With Greece's political and economic upheaval high on the summit's agenda and stoking concerns over instability in Spain and Italy, Group of Eight leaders sought to calm the situation.
In the first line of their final economic communique, they essentially endorsed calls to broaden Europe's focus beyond German-backed belt-tightening, calling it "our imperative" to promote growth.
Anxious to quell investor fears, the G8 said: "We reaffirm our interest in Greece remaining in the euro zone while respecting its commitments." But leaders offered no specific prescription for extracting Athens from its worsening crisis.
It was unusual for the often-bland G8 communique to single out a relatively small nation. But fears that a political stalemate in Greece would lead to its departure from Europe's monetary union at unknown costs to the financial system and global economic stability have spooked markets.
Greek voters this month toppled a government that had agreed to painfully austere terms of an international bailout plan, and uncertainty hangs over the next election set for June 17.
Spain too has roiled markets by revealing huge bad loans in its banking system as it struggles to rein in its budget while facing recession.
Merkel, increasingly isolated by a French-led push for a more growth-oriented approach, sought to play down the differences, saying: "Solid finances and growth belong inseparably together and should not be put into contrast."
Obama, who has pressed Europe for more growth-boosting measures like those he pursued at home, used his closing statement to remind euro-zone leaders that the stakes were high and there could be "enormous" costs if they failed.
"Growth and jobs must be our top priority," he said, reaffirming that Europe has the capacity to meet the challenge.
Marc Chandler, currency strategist at Brown Brothers Harriman, said: "It is significant that a group as weighty as the G8 backs Greece and reinforces the idea that Europe needs a strong union. It strengthens its hand."
In another move to shore up shaky global growth, the G8 leaders said they would monitor oil markets closely and stand ready to seek an increase in supplies if needed. While crude oil prices have declined by 10 percent over the past month, the threat of tighter sanctions on Iran loom next month.
The G8 said the global economic recovery shows promising signs but "significant headwinds persist."
CASUAL SETTING, TENSE ISSUES
The mountain cabins at Camp David where a shirt-sleeved Obama hosted the G8 leaders contrasted with recent tense meetings in European capitals about a sovereign debt crisis that just keeps getting worse.
The economic communique endorsed a recent political shift away from the budget-cutting austerity that has been championed by Merkel and British Prime Minister David Cameron as the route to prosperity.
Instead it recognized a need to combine budgetary discipline with a growth strategy. This strengthens the hand of newly elected socialist French President Francois Hollande before a crucial European Union dinner on Wednesday to discuss growth.
Cameron, after an early morning gym workout with Obama, said he detected a "growing sense of urgency that action needs to be taken" on the euro zone crisis. London relies heavily on international finance and banking instability would strike a fresh blow to an economy already in recession.
"Contingency plans need to be put in place and the strengthening of banks, governance, firewalls - all of those things need to take place very fast," he told reporters.
European leaders seemed keen to stress that they would stand firm in protecting their banks, after news of escalating bad loans raised the specter that rescuing Spain's banks would crash the euro zone's fourth largest economy.
Hollande suggested using European funds to inject capital into Spain's banks, which would mark a significant acceleration of EU rescue efforts. But there was no direct mention of Spain in the communique or any indication of action leaders would take to combat the financial stresses.
GERMANY SOFTENING ON AUSTERITY
There already were signs of a softening in Germany's austerity stance as the meeting began.
Germany's largest industrial union, IG Metall, struck its biggest pay deal in 20 years early on Saturday. The 4.3 percent pay increase, more than double Germany's inflation rate, will boost worker buying power in the euro zone's richest nation and lift consumption. That is something the United States has urged as a means to bolster overall growth throughout the world's second largest economic region.
G8 leaders also raised pressure on Iran over its nuclear program, which they suspect has military objectives, by committing to a common approach. They pledged to implement sanctions fully against Tehran and indicated they would act together to lower oil prices if needed.
"Our hope is that we can resolve this issue in a peaceful fashion that respects Iran's sovereignty and its rights in the international community, but also recognizes its responsibilities," Obama told reporters.
The Camp David summit kicked off four days of intensive diplomacy that will test world leaders' ability to quell unease over the threat of another financial meltdown as well as plans to wind down the unpopular war in Afghanistan.
After the Camp David talks, Obama and several of the G8 leaders headed to his home town of Chicago where he will host a two-day NATO meeting at which the Afghanistan war will be the central topic.
(Additional reporting by Alister Bull, Jeff Mason, Caren Bohan, Stella Dawson, Elizabeth Pineau, Gleb Bryanski, and John Irish; Writing by Stella Dawson; Editing by Mary Milliken and Christopher Wilson)
woodward keratosis pilaris rock and roll hall of fame 2012 brandon rios oklahoma news nascar news doppler radar
1. This information is health written around the assumption that you simply follow the 3 rules above. Comprehending the need and demand insurance to experience a seem health, you will find many popular and reliable healthcare brands which are making efficient and effective home care tools which allow peak modern guy to hold up an excellent and healthy lifestyle without getting enrolled into gyms and health fitness gyms. The mind is really a effective organ so much in fact, that when not functioning correctly, then the rest of the areas of the body don? t function properly. This Cheap MBT Kimondo engineering is supposed to create the core strengthening muscular tissue much more productive, creating better good posture and rising jolt absorbtion for each one of the joints. For aging patients, the health advantages of DHEA incorporate a cut in the chance of cardiovascular disease, in addition to playing a job in preventing coronary artery disease. Cardiovascular Health The chromium and vitamin B6 present in let? s eat some onions helps you to increase cardiovascular health. Prescription drug benefits will be different with respect to the policy and options you select, but they? re also made to meet the requirements of a number of different medical skills. Countless People in america who? ve no insurance and are afflicted by catastrophic health insurance joint disease are recognizing they are able to seek remedy with no frustrations of costly discomfort medications which are no more affordable. In case your cage has a bottom grate, it insurance is also smart to use sand or gravel paper. Parvo is characteristic in places where 100s of dogs are packed together. Every day, it is necessary for the body to get proper amounts of Vit A, B vitamin, Ascorbic Acid, Vitamin D, E Vitamin, and Vitamin K Supplement. 3. Gung Hey Body fat Choy!? Top Cycling Health Advantages People searching for an ideal way to get fit will gladly realize that cycling has numerous health advantages. Even little items of goodies and human food occasionally can equal to an excessive amount of calories, leading to your pet reaching a poor weight. Every 10- fifteen minutes ( set a security to visit off very frequently if you want to), fully stand up, move about and totally reset your posture. You will find health advantages for kids with birth defects that happened consequently of the mother? s service, veterans disabled throughout service, children of veterans along with other groups. The truth is you can aquire a large amount of medical advantages of these two health insurance law medicinal items, which health will make you feel healthy in forms like skin, bones, etc. Examining your requirements in addition to concentrating on the advantages that you simply expect in the plan will even assist in choosing the best medical health insurance plan easily. Also, a specialist needs a chance to work individually and as part of a team. Gelatin assists in maintaining regularity Gelatin? s high bovine collagen protein content assists in keeping the skin smooth and firm. And elevated satisfaction is really a consequence from the programs purpose. There? s both a burglar catastrophic health insurance obligation along with a privacy obligation about Protected Health Information ( PHI). Consult with your physician about finding a healthy diet law plan and use program to satisfy all your needs before catastrophic beginning to create the modifications. 
Author, publisher, educator, Barbara Techel speaks with Lynn Serafinn about a lucrative avenue for public speaking and book sales that is not always explored by authors. 
, with the aim of inspiring other authors to connect directly with their audiences and experience the enriching rewards of speaking at libraries and schools.
Lynn Serafinn, MAED, CPCC is a certified, award-winning coach, teacher, marketer, social media expert, radio host, speaker and author of the number one bestseller The 7 Graces of Marketing: How to Heal Humanity and the Planet by Changing the Way We Sell. Her eclectic approach to marketing incorporates her vast professional experience in the music industry and the educational sector along with more than two decades of study and practice of the spirituality of India. In her work as a promotional manager she has produced a long list of bestselling mind-body-spirit authors. Spirit Authors is a site dedicated to providing information on publishing and book promotioin for and about mind-body-spirit authors, both established and aspiring. 
