The G-20 Summit ended yesterday in Los Cabos, Mexico, and it was concluded that decisive actions must be taken on confronting the crisis in the Euro Zone and the capitalization of the International Monetary Fund (IMF).
“It’s an achievement that involved several months of intensive negotiations,” said President of Mexico, Felipe Calderón, at the end of the summit, referring to the capitalization of the IMF.
At the summit, European Government said that it considers steady steps to integrate the banking sector across the Euro Zone.
French President Francois Hollande, said he and German Chancellor Angela Merkel, are aware that the Euro Zone has the responsibility to provide solutions.
“Mrs Merkel and I know that Europe should have its own response”, “the IMF is not there to sustain the euro area, even if it has with some countries as Greece,” said Hollande. (MZ)