EU leaders pledge action for growth in pre-G20 video meeting
(LONDON) - European leaders agreed on the need to "secure global economic stability and to support growth" in a video conference call ahead of next week's G20 summit in Mexico, Britain said on Friday.
Prime Ministers David Cameron of Britain, Mario Monti of Italy and Mariano Rajoy of Spain took part in the call with German Chancellor Angela Merkel and French President Francois Hollande, a spokeswoman for Cameron said.
European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy also participated in the conference, which was intended to serve as a coordination meeting before Monday's G20 summit.
"Leaders agreed the need for countries to continue to take the necessary action to secure global economic stability and to support growth," Cameron's spokeswoman said.
"These issues will be the focus of discussions at the G20 meeting, which immediately follows the Greek elections, and at the next European Council on 28-29 June."
The eurozone was in full crisis-prevention mode ahead of Sunday's general election in Greece, owing to the potential risk that Athens could end up exiting the 17-nation bloc.
An agreement to lend Spain up to 100 billion euros ($126 billion) to recapitalise its banks, awaiting a formal request from Madrid expected next Thursday, has failed to calm markets, causing unease over Italy's prospects too.
Market sentiment has improved somewhat however, with some betting that Greek voters will back a governing coalition that can stick to the terms of a March deal for the country's 237-billion-euro second bailout.
The terms include more deep budget cuts and economic reforms.
Cameron's spokeswoman said the EU's priorities for the G20 meeting in Los Cabos, on Mexico's Pacific coast, would include "the implementation of the G20 commitments on financial market reform" as well as boosting economic growth.
The EU collectively holds a seat in the grouping of 20 major global economies along with leading EU members.
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