G7 To Hold Emergency Meeting To Discuss Euro Crisis

Finance ministers and central bank governors from the Group of Seven Industrialized nations are expected to hold an emergency meeting on Tuesday to discuss the worsening economic situation in Eurozone.

The leaders will likely discuss the deepening banking crisis in Spain and a possible Greek exit from Eurozone, reports said.

The G7 meeting today will be followed by a summit of leaders from the Group of 20 nations in Mexico on June 18-19.