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G20 summit to focus on euro zone debt crisis: EU

October 11, 2011 00:00:00


BRUSSELS, Oct 10 (Reuters) - The euro zone debt crisis is likely to be the focus of the summit of the leaders of the world's 20 biggest developing and developed economies (G20) in early November, because of concern about the dangerous spillovers it may have on the rest of the world, top European Union officials said in a letter Monday. European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy said in a letter to other EU leaders, however, that the summit, to be held on Nov 3-4 in Cannes, France, should also discuss risks to global growth from the United States and emerging economies. "Europe will be in the focus of the Cannes summit," the letter from Barroso and Van Rompuy said. "Our G20 partners' perception is that if Europe does not solve its sovereign debt crisis there will be dangerous spillovers on the global economy.

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