G-20 Set to Push European Leaders to Deliver Crisis Solution

Group of 20 finance chiefs are pressing Europe’s leaders to deliver within the next few days a comprehensive plan that stamps out the region’s sovereign debt turmoil, according to an official from a G-20 nation.

G-20 finance ministers and central bankers will say in a statement to be released after talks in Paris today that an Oct. 23 Brussels summit of leaders must quell the threat of contagion, the official said on condition of anonymity because the communique isn’t finished. They will also urge the euro-area to maximise the firepower of its 440 billion-euro ($611 billion) bailout fund, the person said.