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G20 summit to focus on European bonds in developed countries will pinch each oth

The Group of Twenty (G 20) the leaders of the Seventh Summit will be held in Los Cabos, Mexico, from June 18 to 19 of the main topics of the summit, including strengthening the international financial system security, sustainable development, trade and employment issues, the most talked about is how to deal with the global risk of euro area debt crisis, this end the United States as the representative countries will be urged to take further action in Europe.

Greece will withdraw from the euro zone? If you quit, it will take what way? Whether an orderly exit? Will become the focus of discussion by States. "Larry White, New York University Stern School of Business Professor of Economics the future of the euro area will become a central issue in the G-20 meeting. He said that "on these issues, the United States as an outsider can provide ideas and opinions, but ultimately this is the problem in Europe, Europe's own resolve."

The attitude of the leaders of many countries has confirmed the view of the White, United States, Canada, Japan has urged Europe to make a difference.

Canadian Finance Minister Jim Flaherty said on the 13th Greek election results will be likely to cause confusion in the eve of the G20 summit, but if this happens, the relevant officials will be handled accordingly.

U.S. Treasury Secretary Timothy Geithner, 13, also said that Europe should create a banking alliance as soon as possible, to enhance the strength of the relief fund and promote economic growth in order to prevent the European debt crisis worsened to the point of financial disaster may be to the global economy.

Geithner said the leaders of European countries have realized that they must take greater efforts and more practical initiatives in order to respond effectively to the place of deepening the current sovereign debt crisis. He pointed out that the response to the crisis itself taken in Europe, already is the fourth major upgrade to the current situation is different from the past.


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