|Page (1) of 1 - 06/12/12||email article||print page|
Mexican president promises long-term action on European financial crisis at G20 summit
MEXICO CITY (AP) ' Mexican President Felipe Calderon says leaders of the world's largest economies will work to produce a lasting solution to the European financial crisis at the upcoming G-20 summit.
Financial officials begin meeting Friday in the coastal resort of Los Cabos, where leaders will start assembling two days later against a backdrop of financial turmoil and uncertainty in Europe, where many governments and banks are struggling to find enough funding in the face of market fears about the health of their balance sheets.
Mexico is the host country and Calderon told reporters Tuesday it will work to achieve a long-term plan with concrete measures to spur economic growth and increase the funding available to countries that need cash. He said that would include increasing the funding of the International Monetary Fund.