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G20 ends, Europe dominates
Published : 05-11-2011 - Duration : 02:47 - View : 22
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Description :
There was no escaping the gloom in Cannes, even for G20 summit host, French President Nicolas Sarkozy.
Despite hopes the euro zone debt crisis would be solved by now - the meeting of world leaders was clouded by tense discussions about Greece and the future of Europe.
Europeans like Sarkozy welcomed Greece's decision not to hold a referendum.
SOUNDBITE: FRENCH PRIME MINISTER, NICOLAS SARKOZY, SAYING (French):
"The conditions are being created for a favourable consensus in Greece, on the October 27 accord, and we are very glad that the atmosphere in Greece today, at the end of this week, is nothing like it was at the beginning of last week."
But EU leaders and the markets are already looking beyond the crisis in Greece - to the far more serious threat to the euro zone - Italy. The euro zone's third largest economy is seen as too big to fail.
Leaders have welcomed Italian Prime Minister Silvio Berluscon
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