Germany's Merkel to meet global finance chiefs

Germany's Merkel to discuss situation of the global economy with heads of IMF, WTO, World Bank

Associated Press
IMF chief urges further debt reduction
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Managing Director of the International Monetary Fund, Christine Lagarde speaks after receiving an honorary doctorate from the Catholic University of Leuven in Kortrijk, Belgium on Monday, Oct 29, 2012. The university is conferring the degree on Christine Lagarde in recognition of what they consider her strong leadership, exceptional legal and macroeconomic vision, and lucid analyses and straightforward proposals for understanding and addressing the current global financial crisis. (AP Photo/Virginia Mayo)

BERLIN (AP) -- German Chancellor Angela Merkel will meet the heads of global financial bodies including the International Monetary Fund and the World Trade Organization to discuss the situation of the global economy.

Angela Merkel will receive the leaders for talks at Berlin's Chancellery on Tuesday evening amid worries that Europe's three-year-old debt crisis is weighing down global growth. The battle to stabilize the 17-nation currency bloc is therefore likely to figure prominently in the meeting.

The talks with the IMF's Christine Lagarde, the WTO's Pascal Lamy, the World Bank's Jim Yong Kim, the OECD's Angel Gurria and the International Labor Organization's Guy Ryder are part of regular consultations.

The group already met French President Francois Hollande in Paris on Monday.

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