G20 to focus on global growth, eurozone crisis
There is "overwhelming consensus" to focus on global economic growth at the upcoming Group of 20 summit in Mexico, heeding European leaders' calls to confront the ongoing debt crisis in the eurozone, a top aide to US President Barack Obama said on Tuesday.
Michael Froman, deputy national security adviser for international economic affairs, said leaders in the G20 bloc of the world's biggest industrialized and developing nations regard the June 18 to 19 summit as a deadline for Europe to devise a plan for finally quelling problems in the single-currency area.
Heads of European governments, spooked by fresh signs that a global slowdown may be coming, have urged G20 leaders to concentrate on spurring growth and creating jobs when they meet at the Mexican resort of Los Cabos in two weeks.