G-20 urges Europe to step up efforts on debt

The G-20 cited “the situation in Europe” first in a list of drags on the world economy, according to a draft statement obtained by Bloomberg News.

20th April, 2012
G-20 urges Europe to step up efforts on debt
IMF's Christine Lagarde, pictured in Washington

Europe’s governments were told the onus for fixing their debt woes lies with them as the Group of 20 warned the two-year crisis still threatens global growth.

With finance chiefs from the G-20 meeting today in Washington, those from Canada and Australia joined the IMF and US in pressing Europe to intensify efforts to quell the turmoil as it spreads to Spain. The G-20 cited “the situation in Europe” first in a list of...

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