The G20 on Saturday has told Europe to decisively resolve its sovereign debt crisis within 8 days. By not doing so, Europe continues to endanger the world economy.
Europe must come up with a comprehensive plan to resolve their financial problems and reduce the fear of contagion throughout the region and ultimately the world.
According to the Canadian Finance Minister, Jim Flaherty, if Europe does not resolve its issues by next Sunday's European summit, the risk of a global recession goes higher.
Germany and France are working to put together a plan before the European summit to address the two-year old crisis.
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