G20 Summit Leaders Push For Euro Banking Overhaul
As the Group of 20 gathered in Los Cabos, the U.S. was a particularly goal supporter of "euro-zone-wide integration" of the banking sector to stop broke countries from attempting to save failing banks.
But the proposal does little to ease concerns about Europe's crisis—especially as Spain's borrowing costs jumped again Tuesday.
Though o a G20 official said no specific time frame has been set for such an overhaul, a draft of the proposal showed G20 leaders were ready to "act together to strengthen recovery and address financial market tensions."
Read more of Neon Tommy's coverage on the European debt crisis here.