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Europe’s debt crisis set to dominate G20 talks

Submitted by on February 23, 2012 – 9:11 amBe the first to comment on this story.

By Krista Hughes

MEXICO CITY Feb 22 (Reuters) – Europe’s debt crisis will dominate talks between Group of 20 (G20) policymakers this weekend as the rest of the world looks for pledges that the euro zone will boost its crisis safety net.

Advanced and developing nations alike are keen for reassurances that the European Union will do whatever it takes to limit fallout from the crisis and convincing answers could help officials inch closer to boosting the firepower of the International Monetary Fund (IMF) so it can better help victims.

U.S. Treasury Secretary Tim Geithner and Financial Stability Board Chairman Mark Carney are among those scheduled to attend the Feb. 25-26 meeting, along with officials from developing powers such as Brazil, India and China, whose support is crucial for any boost to IMF resources. Read full article at reuters.com

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