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Sun 6 Nov 2011 02:39 PM

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No new eurozone cash pledged for debt crisis at G20 meet

World leaders tell tortured trade bloc to sort out its own sovereign debt crisis at global summit

No new eurozone cash pledged for debt crisis at G20 meet
French President Nicolas Sarkozy speaks with G20 Finance Ministers on the second day of the G20 Summit on Nov 4, 2011 in Cannes, France. (Source: Getty Images.)
No new eurozone cash pledged for debt crisis at G20 meet
The euro zone won verbal support but no new money at a G20 summit to help overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision
No new eurozone cash pledged for debt crisis at G20 meet
British Prime Minister David Cameron. Leaders of the world's major economies, meeting on the French Riviera, told Europe to sort out its own debt problems
No new eurozone cash pledged for debt crisis at G20 meet
IMF Managing Director Christine Lagarde gazes out at the crowd during a G20 press conference. The summit deferred until next year any move to provide more crisis-fighting resources to the fund.
No new eurozone cash pledged for debt crisis at G20 meet
(L-R) Hu Jintao, China's president, Nicolas Sarkozy, France's president, US President Barack Obama, and Susilo Bambang Yudhoyono, Indonesia's president.\nPotential sovereign investors such as China and Brazil wanted to see more detail before they made any firm commitment to put money into the eurozone bailout fund
No new eurozone cash pledged for debt crisis at G20 meet
US President Barack Obama joked he had learned a lot in two days about the complexity of the EU's "laborious" decision-making process but said he was confident Europe had the right plan to meet the challenge
No new eurozone cash pledged for debt crisis at G20 meet
But Australian Prime Minister Julia Gillard summed up the mood of many summit participants when she said: "Europe needs to get its own house in order."