Mexican President Felipe Calderon said Tuesday
that his country, the host of next week's G20 summit, will propose
measures to promote long-term global economic growth.
"The European crisis affects the whole world economy, and for that reason at the upcoming summit Mexico, as G20 president, will seek the adoption of a long-term integral action plan," Calderon told reporters in Mexico City.
"The plan will not only include measures to face and solve the European crisis, which is after all a temporary crisis, but it will also propose concrete public policy measures in key areas such as fiscal, financial, monetary policies etc., that allow long-term economic growth," he said.
The leaders of industrialized and emerging nations in the Group of 20 (G20) are to meet Monday and Tuesday in the resort town of Los Cabos, in the northwestern Mexican state of Baja California Sur.
They are set to debate the challenges the global economy is currently facing and to establish plans to provide for greater stability and boost growth.
At the meeting, Calderon said, Mexico will insist on the need to strengthen global financial structures, increase resources for the International Monetary Fund (IMF) and prevent financial speculation from affecting the price of foodstuffs.
The host will seek to be an "effective spokesman" for developing countries and make sure that the current economic crisis does not divert attention from crucial issues like climate change, he noted.
US President Barack Obama, Chinese leader Hu Jintao, German Chancellor Angela Merkel, British Prime Minister David Cameron and presidents Francois Hollande of France, Dilma Rousseff of Brazil, among others, are set to attend the two-day summit.
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women