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G20 summit kicks off in France

G20 summit kicks off in France

03 November 2011 16:47 (UTC +04:00)

This is because of Greece’s decision to call for a referendum on the very deal reached recently to help cut its debt and avoid a default.

EU leaders have given Greece an ultimatum - either go along with the new debt plan, or face being booted out from the Union.

This comes against a backdrop of economic uncertainty and lingering questions about European sovereign debt affecting other member states.

The G20 summit is taking place in the French Riviera city of Cannes amid tight security.

World leaders of the top industrialized nations, alongside emerging economies, have two days to tackle a long list of issues concerning the global economy.

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