G20 finance ministers in day two of eurozone talks

Finance ministers of the G20 group of nations are meeting in Paris to continue talks to find the solution of eurozone debt crisis.

One solution is whether the IMF Fund should rise in size as part of a broader global response to the current situation.

US resist to increase IMF find to solve this current situation.

On Friday, US President Barack Obama and German Chancellor Angela Merkel spoke by phone to discuss the current crisis.

US officials said Mr Obama had warned of the risks posed to the US economy, and also discussed preparations for a G20 summit in Cannes scheduled for early coming month.

G20 ministers meeting to discuss eurozone debt crisis

To find a solution to the debt crisis in the eurozone, Finance ministers of G20 group of nations arrange meeting in Paris

main discussion is about Greece remains, fears remain that the crisis could spread to other highly indebted eurozone countries such as Spain and Italy, and exposed European banks.

To protect  defaulting on its debt Greece needs next bailout loan in coming month

Spain was hit by a further credit rating down on Thursday.

Standard & Poor's reduced Spain's long term rating by one notch, citing weak growth and high levels of private-sector debt.

It came a week after fellow credit rating agency Fitch also cut Spain's rating. Fitch also downgraded the creditworthiness of UK banks Lloyds and RBS, and also Switzerland's UBS

Eurozone industrial production sees surprise rise

Industrial production in the 17 countries of Europe rose unexpectedly about 1.2% in August.

The EU's statistics office, Eurostat, said it meant industrial production had been risen by 5.3% on an yearlyl basis.

The rise in industrial production might be easy because eurozone is getting release from recession in the third quarter.

Economists had forecast a rise of 2.2% on an yearly basis, and fall of 0.7% on the month. August's increase follows a rise of 1.1% in July.

Developed countries like Germany output fell by 1% month-on-month, but was 7.8% higher than 12 months ago.

Meanwhile the Irish Republic, which is implementing an austerity programme, saw its industrial production rise 4.4% in August and jump by 10.1% year-on-year.