G20 ramps up pressure on Europe over debt crisis

by Blog Burger on June 19, 2012

Leaders of the G-20 nations gather for a group photo at the G20 summit in Los CabosLOS CABOS, Mexico (Reuters) – World leaders pressured Europe on Monday to take ambitious steps to resolve its debt crisis after a victory for pro-bailout parties in a Greek election failed to calm markets or ease worries that wider turmoil could derail the global economy. The world's major industrialized and developing economies were set to urge Europe to take "all necessary policy measures" to resolve a crisis that has now raged for over two years, according to a draft communiqué seen by Reuters that was prepared for a Group of 20 summit in this Mexican resort town. U.S. …

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