20 Jun 2012

Don't lecture us, EC head tells G20

9:20 am on 20 June 2012

The head of the European Commission has told the G20 summit that European leaders had not attended to be lectured.

Leaders of the world's richest nations have told European countries to do whatever it takes to overcome the debt crisis in the Eurozone and the issue is dominating the G20 summit in Mexico.

European Commission president Jose Manuel Barroso said Europeans had not gone to the summit to be lectured.

He was asked why North Americans should help pay to resolve the euro crisis and said the crisis originated in North America.

Many of our financial sector were contaminated by, how can I put it?, unorthodox practices from some sectors of the financial market.

Mr Barroso said because the problem was global, all countries had to work together to solve it.