They promise to take action, if needed, "to safeguard financial stability in the euro area as a whole."

VOA: special.2010.02.12

Military action is bad for stability and bad for business, both of which are cornerstones of the Gulf way of life.

ECONOMIST: Let��s be diplomatic, say the neighbours

With G7 leaders announcing they were ready to take coordinated action to ensure financial stability and the European Central Bank buying Spanish and Italian debt, all eyes are on Ben Bernanke as the Fed meets on Tuesday in the context of an FOMC meeting.

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He also noted that the Group of 20 leading industrial nations had pledged not to undertake competitive currency devaluations as such action undermines economic and financial stability.

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