G20 must call for reforms

A slim victory for pro-Europe parties in the Greek election has saved the G20 leaders the trouble of making their two-day summit in Mexico a crisis management meeting.

It was widely believed that a disorderly Greek exit from the euro would unleash global financial turmoil.

That is why Chinese President Hu Jintao deemed Europe's debt crisis "an issue of general concern" and urged the other G20 members to "encourage and support efforts made by Europe to resolve it and send a signal of confidence to the markets".