Euro leaders are set to unveil fresh efforts to save the single currency, after pledging at the G20 to bring down dangerously high government borrowing costs. The world leaders meeting in Los Cabos, Mexico, for the annual G20 summit said they would take action to drive down government bond yields across the euroarea.US President Barack Obama expressed his relief at Europe's "heightened" urgency saying: "Over the last two days, European leaders here in Cabos have made it clear that they understand the stakes and they pledged to take the actions needed to address this crisis and restore confidence, stability and growth." The head of the International Monetary Fund (IMF) told Sky News of the encouraging approach taken by the leaders. Source: The Coming Crisis
