Germany's chancellor said Thursday Europe's lingering sovereign debt crisis will likely dominate this weekend's summit of the world's 20 most important economies in Mexico, according to AP. Angela Merkel said in an address to parliament before leaving to the gathering of world leaders that Europe's debt woes "will overshadow all other topics" and all eyes will be on Germany as Europe's biggest economy. She maintained that she will defend Germany's approach that a mix of fiscal tightening and reforms is the only way to overcome the crisis and to return to sustainable growth. She said: "We must all resist the temptation to finance growth again through new debt." Financial officials begin meeting Friday in Mexico's coastal resort of Los Cabos, and national leaders will start assembling two days later.
