Expressing concern on the simmering economic turmoil in global markets, Finance Minister Pranab Mukherjee on Sunday hoped that the upcoming G-20 Summit of world leaders will offer feasible solutions to end the euro-zone crisis."I am expecting, at the margin of the World Bank meeting, the problem of the euro-zone crisis, high sovereign debt and also other related issues will be discussed," Mukherjee told mediapersons on the sidelines of a function marking the foundation day of a bank here.
"I am confident that when we meet again in Paris at the G-20 Finance Ministers conference to make recommendations for the leaders in the summit which will be held in early November, it would be possible for the world leaders to work out the solutions which can dissolve the crisis," he added.
Mukherjee had in an earlier statement warned that unlike during the immediate aftermath of the financial crisis of 2008, global policy coordination would be difficult now as most countries are at different stages of the economic cycle at present.
Finance Ministers of the BRICS countries-Brazil, Russia, India, China and South Africa-will take a call on supporting the euro zone at a meeting in Washington later this month.
The meetings are scheduled from September 23-25 at Washington.
Mukherjee would head the Indian delegation comprising Reserve Bank of India (RBI) Governor, D. Subbarao, apart from senior officials of the finance ministry.
The objective of the meet is to discuss the steps that they need to taken with an aim to effectively overcome the imminent global economic slowdown.
"I am confident that when we meet again in Paris at the G-20 Finance Ministers conference to make recommendations for the leaders in the summit which will be held in early November, it would be possible for the world leaders to work out the solutions which can dissolve the crisis," he added.
Mukherjee had in an earlier statement warned that unlike during the immediate aftermath of the financial crisis of 2008, global policy coordination would be difficult now as most countries are at different stages of the economic cycle at present.
Finance Ministers of the BRICS countries-Brazil, Russia, India, China and South Africa-will take a call on supporting the euro zone at a meeting in Washington later this month.
The meetings are scheduled from September 23-25 at Washington.
Mukherjee would head the Indian delegation comprising Reserve Bank of India (RBI) Governor, D. Subbarao, apart from senior officials of the finance ministry.
The objective of the meet is to discuss the steps that they need to taken with an aim to effectively overcome the imminent global economic slowdown.
