BREAKING NEWS

Arab Spring, IMF row to preoccupy G8 leaders

By REUTERS

MAY 26, 2011 04:10

DEAUVILLE, France - Leaders of the Group of Eight gather in France on Thursday to endorse aid to new Arab democracies, but wrangling among Western and developing economies over running the IMF may take up much of their time.

Officials from the G8 -- the United States, Canada, Britain, France, Germany, Italy, Japan and Russia -- held preparatory talks on Wednesday in the seaside resort of Deauville to hammer out common positions on issues ranging from the world economy to Libya's civil war, Iran's nuclear goals and unrest in Syria.

Hosted by French President Nicolas Sarkozy, the summit runs until Friday. It is expected to approve a multi-billion-dollar aid package for Tunisia and Egypt, after "Arab Spring" uprisings deposed their autocratic leaders, and to seal an agreement to back others in the region who want democracy.

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