G20 summit should adopt sound mechanisms to push for financial stability and better coordination among key powers

Amid economic instability in Europe and a fluctuating euro fuelled by the sovereign debt crisis in Greece and other European countries, the G20 summit, due to be held in Toronto, Canada at the end of this month, is entrusted with the overwhelming task of enhancing policy coordination among major world powers and promoting stable recovery of the global economy.

At a meeting of G20 finance ministers in Washington in April, participants agreed that the world economy had achieved unexpected recovery.