The G-20 Los Cabos Summit 2012: Bolstering the World Economy Amid Growing Fears of Recession

The G-20, the IMF and the European Debt Crisis

Domenico Lombardi examines how new uncertainties have reversed signs of a stabilization in the eurozone following the inconclusive outcome of the Greek elections and escalating pressures in Spain’s financial sector. Lombardi states that the upcoming summit should provide an opportunity to finalize agreement on the additional resources that the IMF will need to provide a backstop to an unraveling in Europe, and argues that G-20 leaders must escalate pressure on Germany to move quickly on a mutually-coordinated response to the escalating crisis.

Browse This Report