President Lee Urges Eurozone to 'Desparately' Come Up With Fundamental Measures
President Lee Myung-bak has urged European countries to "desperately" come up with fundamental measures to find a workable solution to the eurozone debt crisis. Speaking at the first session of the Group of 20 Summit, which kicked off on Monday in Los Cabos, Mexico,... President Lee stressed that the eurozone must carry out strong and decisive structural reforms, as Korea did back in 1997,... during the Asian financial crisis. President Lee said that the economic imbalance within Europe should also be resolved immediately,... adding that the eurozone should seek financial integration that can support its monetary union. High unemployment rate, and especially youth unemployment, is another issue that the Korean president highlighted as one of the biggest problems stoking the eurozone crisis. Earlier in the day, at the Business 20 Summit, President Lee called on the G20 nations and business leaders from around the world to create more job opportunities. [Interview : President Lee Myung-bak] "Creating jobs is a task that must be accomplished in order to overcome the crisis in the short-term and also recover market confidence and achieve sustainable growth." Meanwhile, in one notable accomplishment during the first session, BRICS economies announced specific figures of their enhanced contributions or funding to the International Monetary Fund. Earlier in the day, at the Business 20 Summit, President Lee called on the G20 nations and business leaders from around the world to create more job opportunities. [Reporter : Eoh Jin-joo ed:mark] "The G20 leaders are expected adopt a communique for this year's summit on Tuesday. President Lee will then leave for Brazil later in the day to attend the UN Conference on Sustainable Development, or Rio+20, and the Global Green Growth Forum. Eoh Jin-joo, Arirang News, Los Cabos."