Europe's money woes dominate G8

Associated Press
French President Francois Hollande, left, listens as U.S. President Barack Obama speaks at the start of the first working session of the G8 Summit at Camp David, Md., Saturday May 19, 2012. (AP Photo/Philippe Wojazer, Pool)

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U.S. President Barack Obama pledged at a summit on Saturday, May 19, to work with Europe on a package that balances growth with debt reduction as world leaders try to prevent the worsening euro zone crisis from destabilizing the global economy.

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