Other G7 and the Euro Zone Crisis Talk

Montreal - The Group of Seven finance ministers (G7) and other economic powers will discuss by telephone on Tuesday about the crisis and the weakening of the euro area banking European, Canadian Finance Minister Jim Flaherty said on Monday.

"Discussions were also held with a number of non-European G20 members who participated are concerned ... the potential consequences of the crisis in the euro area," Flaherty said at a news conference in Toronto.

"The main concern today is Europe, the weakening in a number of banks in Europe, the fact that they lack the capital, the fact that other European countries in the euro area are not doing enough, including completing the bank's capital shortage problem and to build adequate perlinduangan, "he said.

"This is a continuing concern."


Sticking concern that a number of Spanish banks would collapse without direct assistance from Europe.

But Germany against allowing funds from the financial protection, the European Stability Mechanism, to be lent directly to banks rather than through the government as required In the same way today.

Meanwhile, the market showed distaste for Madrid to receive the debt back.

G7 members are Canada, France, the United States, Japan, Germany, Britain and Italy.