G8 leaders urge Europe to focus on growth

The Group of Eight nations are advocating growth rather than austerity in Europe after spending two days of meetings at Camp David aimed at containing an escalating fiscal crisis overseas.

US President Barack Obama, Prime Minister Stephen Harper and leaders of the world's other top economies agreed that while Europe should still toil to reduce deficits, it must above all else promote widespread growth and job creation.

"All of us are absolutely committed to making sure that both growth and stability and fiscal consolidation are part of a overall package that all of us have to pursue in order to achieve the kind of prosperity for our citizens that we're looking for," Obama said at a news conference at the end of the summit.

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