European Leaders Say More Needs to Be Done in Financial Markets

More needs to be done to fight the financial market crisis, European lawmakers said ahead of the G7 meeting in Washington, D.C. on Friday. Joaquin Almunia, European Monetary and Economics Commissioner, said the actions taken thus far are encouraging, but not sufficient to stem the bleeding in the financial marketplace. "What we can try to do is to create a consensus and try to inject confidence," he said. Meanwhile, Eurogroup President Jean-Claude Juncker conceded that the situation is... [read full story]