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The markets are still concerned about the European debt crisis after a weekend meeting of G20 finance ministers and central bankers. The G20 has stated its position: Before the world taps into its resources to beef up the eurozone firewall, Europe must exhaust the resources already available.
The G20 also expressed concerns about rising energy costs, stating that it’s “alert to the risks of higher oil prices.” Up more than 10% this year, those prices are likely to be further impacted by sanctions on Iran.