EU calls on G20 to help end debt crisis

BRUSSELS: Top EU officials urged yesterday that an upcoming G20 summit address Europe’s debt crisis, saying that measures taken at a make-or-break eurozone meeting last week were not enough alone to end the crisis.
In a letter to G20 leaders, European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy summarised the measures decided last Thursday to stamp out a crisis that risks pushing the world economy into recession.
“We will implement these measures rigorously and in a timely manner, and we are confident that they will contribute to the swift resolution of the crisis,” the EU officials said.
“However, his cannot alone ensure global recovery and rebalanced growth … there is a continued need for joint action by all G20 partners in a spirit of common responsibility and common purpose.” – AFP