Time for G20 to act

It is urgent the G20 leaders, gathering for a two-day summit starting on Monday in Los Cabos, Mexico, deliver genuine leadership to buttress the fragile global recovery.

Some European leaders may still insist that the eurozone crisis is a European crisis that should be solved internally.

That is quite understandable given the unpleasant experience some Asian countries endured when the IMF became an external firefighter in the late 1990s.