G20 Leaders Seek to Boost Global Growth in Los Cabos Summit
2012-06-20 17:44

LOS CABOS, Mexico, June 19 (Xinhua) -- The seventh G20 summit concluded in the Mexican resort of Los Cabos Tuesday afternoon, with the group's leaders reaching important consensus on issues ranging from promoting economic growth, strenghthening international financial system, to fighting trade protectionism.


The G20 Los Cabos summit is being convened at a time when the global economy is facing great risks to growth and stability. The prolonged eurozone debt crisis, slowdowns in major developed nations and even in emerging economies, and high unemployment in parts of the world are all posing threats to the fragile recovery.

In a declaration issued after the summit, G20 leaders agreed that strong, sustainable and balanced growth remains the top priority of the group, and vowed to take "all necessary policy measures" to work together to boost demand, restore confidence andimprove financial stability.

On the eurozone crisis, which draws wide attention in the Los Cabos summit, G20 leaders signaled their support to Greece and theeurozone, while urging Europe to step up its efforts in fiscal reform. They al