Group of Eight warns of energy menace to world economy
MOSCOW, Feb 11, 2006 (AFP): Group of Eight finance chiefs met Saturday at a heavily guarded hotel near Red Square, warning that wild energy prices menace the world economy in 2006. The G8 finance ministers gave the alert in a draft communique being debated behind closed doors at a Moscow hotel, according to a European source at the G8 who revealed the text on condition of anonymity. Discussion of more technical issues such as currency markets traditionally addressed by G7 finance ministers -- Russia does not take part in these talks -- were skipped to avoid excluding Russia from meetings it is hosting. Putin's unexpected announcement in Spain this week that he planned to invite Hamas to Moscow after its victory in Palestinian elections appeared to be gaining some support. The United States said Friday it had accepted Russia's move after Moscow gave assurances it would press the militants to renounce armed struggle against Israel.
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