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G7 retreats on oil tax cuts amid euro crisis in Prague
G7 finance ministers signaled readiness to intervene in exchange markets to support the euro but rejected cutting oil taxes to ease energy costs. They urged higher production from OPEC, while US actions to tap stockpiles aimed to curb prices. Protests and security concerns shaped a tense Prague ahead of IMF World Bank talks.
MENTIONED IN THIS ARTICLE
Prague
Czech Republic
Europe
G-7
Hans Eichel
OPEC
Clinton
Treasury
Lawrence Summers
International Monetary Fund
World Bank
IMF
Luisa Diogo
Mozambique
United States
Britain
Canada
France
Germany
Italy
Japan
Russia
World Trade Organization
Seattle
Washington
Dominika Sulova
James Wolfensohn
Horst Koehler
Vaclav Havel
Prague Castle
Havel