Global markets turmoil emergency talks called

The European Central Bank is due to hold emergency talks on whether to start buying Italian debt to contain spreading turmoil on financial markets.

Growing worries over debt in the eurozone and the US caused sharp falls on world stock markets last week.

Finance ministers from the G7 major economic powers are also to hold emergency talks on how to calm the markets before they reopen on Monday.

Nick Childs reports.

  • Business