Battle to save the euro moves to Camp David

Barack Obama was caught between two competing European visions of how to solve the financial crisis at the G8 summit when David Cameronrejected outright a French proposal to raise €57bn (£46bn) through a tax on financial transactions.

The eurozone crisis is set to dominate four days of intense diplomacy which began in Washington Friday morning and continued through a meeting of G8 leaders at the presidential retreat Camp David on Friday evening. Discussions will continue there on Saturday and [...]