Thursday, January 26, 2012

"We're facing a time bomb, and the time bomb is in Europe - Felipe Calderón

Mexico assumes leadership of G-20 at World Economic Forum in Davos, Switzerland

"We're still trapped in a four or five year economic crisis, the worst in living memory. We have a time bomb, the bomb is in Europe, and we are working together to deactivate it before it explodes over all of us. It is in these difficult circumstances that Mexico has assumed the presidency of the G-20, the first Latin American country to lead this group. We will try to build consensus in order to restore economic stability and growth, strengthen global financial institutions and establish financially-inclusive mechanisms which redirect paths towards sustainable growth, social justice and respect for the environment."
President Felipe Calderón, G-20 World Economic Forum, Jan. 26, 2012

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