The 7th G-20 summit concluded in Los Cabos on Tuesday June 19,2012.The next G20 Summit is in 2013 with Russia as the new chair.
US President Barack Obama has said he is encouraged by European leaders' plans to tackle the eurozone crisis, at the G20 summit in Mexico
World Leaders said they would take "all necessary measures" to protect the euro area
"Euro area members of the G20 will take all necessary measures to safeguard the integrity and stability of the area, improve the functioning of financial markets and break the feedback loop between sovereigns and banks," the joint statement said.
"Brics" economies (Brazil, Russia, India, China and South Africa) also pledged to increase their contributions to the International Monetary Fund (IMF) - which has been seeking to boost its finances to prevent any future financial crisis.
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