India on Saturday said it is willing to play a “supporting” role in any multi-lateral effort to help Eurozone tide over its debt crisis after European leaders sealed a deal crucial to world economy to fix the lingering problem.
Planning Commission Deputy Chairman Montek Singh Ahluwalia welcomed as positive the “important” deal clinched by European leaders at their summit early this week shoring up the 17-nation Eurozone’s bailout fund, pledging new funds for Greece and pushing banks to share the pain to combat the sovereign-debt crisis.
“We are willing to do our bit whatever supporting role which the international institutions would need to support the Eurozone... We would support multi-lateral efforts,” Dr. Ahluwalia said replying to questions from media.
Dr. Ahluwalia was briefing the media ahead of the sixth Summit of the Group of 20 industrialized and emerging market economies(G-20) to be attended by Prime Minister Manmohan Singh and other world leaders including U.S. President Barack Obama and British Premier David Cameron.
He has been designated as the ‘sherpa’— the personal representative of a Head of State or Government —for the two-day Summit starting in Cannes in France on November 3.
G20 nations represent 85 percent of the global economy and account for two-thirds of the world population.
