Barack Obama says the debt crisis in Europe is "scaring the world".
Yesterday, markets rallied before close after an unsettled day of trading.
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Gains came after investors weighed up reports of a new Eurozone rescue plan, which is expected to be unveiled within days.
Talks between G20 finance ministers are understood to have concluded that Athens would be allowed to default on up to half of its debts.
Meanwhile, the US President says the recovery of his economy suffered setbacks this year because of the Arab Spring uprisings and Europe’s financial ill-health.
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