G7 monitoring reaction to London blasts - Eichel

Finance Ministers and central bank governors from the Group of Seven (G7) nations are monitoring the reaction of financial markets to the blasts in London, German Finance Minister Hans Eichel said on Thursday 7 July.

"Of course we are observing (the situation) and contacts are being maintained," Eichel told reporters in Berlin.

"We should not allow the situation to get out of hand by taking wrong decisions and panicking. Instead we must behave in a prudent manner," he added.

Eichel said the reac