Leaders from the world’s major economies concluded their annual G20 summit in the Mexican resort of Los Cabos with a press release promoting growth and jobs.

In their statement, the premiers of the 20 countries acknowledged the challenges in the global economy and the urgent need to take action to get it back on track. The summit’s main focus was on working out ways of ensuring financial stability in the global economy. The declaration said that the EU members of the G20 will "take all the necessary policy measures to safeguard the integrity and stability of the bloc, examine the functions of financial markets and break the loop between sovereign countries and the banks". Mexican president Felipe Calderon said the summit was a great success and specific action will be taken to deal with the European public debt crisis. The summit also announced the highest ever funding of 456 billion U.S. dollars, to increase the capital available to the International Monetary Fund.

On the eurozone crisis, the  G20 leaders signaled their support for Greece and the eurozone, while urging Europe to speed up fiscal reforms. They also told eurozone members to take the necessary policy measures needed to safeguard the integrity and stability of the euro zone. This includes enhancing the financial markets and dealing with bad debts at EU member banks.