14/06/2009 00:00 AST

"There are signs of stabilization in our economies... but the situation remains uncertain and significant risks remain to economic and financial stability," ministers from the G8 leading world powers said in a statement.

"We must remain vigilant to ensure that consumer and investor confidence is fully restored and that growth is underpinned by stable financial markets and strong fundamentals," they added at the close of two days of talks.

There were divisions however as Germany pressed governments to prepare to scale back huge deficits and spending incurred during the global economic crisis while the United States urged countries to stay the course.

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