EU must get firm grip on debt crisis
By Wang Xiaotian and Zhou Wa in Beijing and Fu Jing in Brussels | China Daily | Updated: 2012-06-12 08:02
Time for decisive action by Europe, G20: Official
China urged Europe and the upcoming G20 summit to reach a "timely" and "decisive" consensus to prevent the European financial crisis from spreading, Vice-Minister of Finance Zhu Guangyao said on Monday.
"We have to admit that, at present, the eurozone is faced with severe challenges, as the debt crisis deteriorates," he said at a news conference on the G20 which will be held on June 18 to 19 in Los Cabos, Mexico. President Hu Jintao will attend the summit.
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