G-8 should tackle food, fuel prices
Soaring prices at Europe's superMarkets and petrol stations require a coordinated response by the world's top eight economies rather than fiscal or monetary policy changes, EU finance ministers said on Tuesday. "We have to accept external shocks and we have to discuss (this) at a multilateral level," said Economic and Monetary Affairs Commissioner Joaquin Almunia ahead of a monthly meeting of the EU's finance ministers.