G20 tells eurozone to tackle debt crisis

Reports of a meeting of Group of 20 (G20) finance ministers and central bank governors in Paris, 15 October 2011. The meeting continued efforts to find a solution to the debt crisis in the eurozone.

The ministers and central bank governors of the Group of Twenty (G-20) industrialised and emerging market economies said they remained committed to take all necessary actions to preserve the stability of banking systems and financial markets.

Ministers attending called on the euro area to decisively address the current challenges through a comprehensive plan that involves further work to maximise the impact of the European Financial Stability Facility (EFSF). Euro area leaders have pledged to deal effectively with the crisis at the next meeting of the European Council on 23 October 2011.

Website: G20 - the French Presidency 2011 http://www.g20.org/index.aspx

BBC News,15.10.11: EU summit 'will be decisive' on eurozone crisis http://www.bbc.co.uk/news/business-15319026

Deutsche Welle, 15.10.11: G20 finance ministers pledge 'adequate resources' to tackle debt crisis http://www.dw-world.de/dw/article/0,,15462492,00.html

IMF Survey, 15.10.11: G-20 Reaffirms Commitment to Resolve Crisis http://www.imf.org/external/pubs/ft/survey/so/2011/NEW101511A.htm

G20 France 2011: Communiqué of Finance Ministers and Central Bank Governors of the G‐20, Paris, France, 14‐15 October 2011 http://proxy-pubminefi.diffusion.finances.gouv.fr/pub/document/18/11681.pdf

France24, 15.10.11: G20 nations urge Europe to act decisively on debt http://www.france24.com/en/20111015-debt-crisis-europe-us-g20-pledges-adequate-funding-for-imf

---