G20: leaders pledge to protect Euro zone

The G20 summit in Mexico has ended with a final communiqué that commits world leaders to take “all necessary measures” to protect the Euro-zone. Overshadowed by the economic crisis in Europe, the two-day gathering took place as Greek politicians continue coalition talks in the wake of last weekend's election. G20 leaders said they welcome plans by Spain to recapitalize its banks, and EU leaders in attendance promised rapid steps to promote economic growth. Meanwhile, the "BRICS" economies (Brazil, Russia, India, China and South Africa) also pledged to increase their contributions to the International Monetary Fund. The five BRICS nations all offered to contribute $10bn each to the IMF, in exchange for voting reforms that would give them greater influence in the organisation. China also pledged $43bn to the IMF's crisis intervention fund, which now has a capitalization of nearly a half-trillion US dollars. Listen to our report: