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| G20 seeks solution to debt crisis | |
| (40 minutes later) | |
| The G20 leaders are set to continue their talks on Friday as they seek to find a sustainable solution to the eurozone debt crisis. | The G20 leaders are set to continue their talks on Friday as they seek to find a sustainable solution to the eurozone debt crisis. |
| They are expected to discuss ways to increase the firepower of the International Monetary Fund (IMF). | They are expected to discuss ways to increase the firepower of the International Monetary Fund (IMF). |
| The hope is that increased resources will help the IMF to support struggling eurozone economies, such as Greece. | The hope is that increased resources will help the IMF to support struggling eurozone economies, such as Greece. |
| There have also been calls for a "financial firewall" to protect vulnerable economies such as Italy. | There have also been calls for a "financial firewall" to protect vulnerable economies such as Italy. |
| The US President, Barack Obama, said on Thursday that resolving the eurozone debt crisis was "the most important aspect of our task over the next two days". | The US President, Barack Obama, said on Thursday that resolving the eurozone debt crisis was "the most important aspect of our task over the next two days". |
| Greek threat | Greek threat |
| The second day of the G20 meeting will also see the Greek prime minister George Papandreou face a confidence vote in parliament. | The second day of the G20 meeting will also see the Greek prime minister George Papandreou face a confidence vote in parliament. |
| The opposition as well as several government MPs have called for Mr Papandreou to quit after his decision on Monday to hold a national vote sparked a turmoil on financial markets and upset his German and French counterparts. | The opposition as well as several government MPs have called for Mr Papandreou to quit after his decision on Monday to hold a national vote sparked a turmoil on financial markets and upset his German and French counterparts. |
| Some members from his own party, including the finance minister said that they were against the referendum. | Some members from his own party, including the finance minister said that they were against the referendum. |
| On Thursday, the prime minister said he would scrap the move if the conservative opposition party voted to pass the bailout package in parliament. | On Thursday, the prime minister said he would scrap the move if the conservative opposition party voted to pass the bailout package in parliament. |
| However, there are fears that he may lose the confidence vote and Greece may have to hold fresh elections, a move which may further delay the implementation of a Greek bailout package. | However, there are fears that he may lose the confidence vote and Greece may have to hold fresh elections, a move which may further delay the implementation of a Greek bailout package. |
| Eurozone leaders have already withheld 8bn euros ($11bn; £7bn) of fresh rescue loans to Greece and there are fears that further delays may see the government run out of cash and default on its payments. | Eurozone leaders have already withheld 8bn euros ($11bn; £7bn) of fresh rescue loans to Greece and there are fears that further delays may see the government run out of cash and default on its payments. |