G-20 officials meet to discuss debt in Europe, US

Associated Press Modified: November 4, 2012 at 9:01 pm •  Published: November 4, 2012
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The closed-door meeting will be the last organized by Mexico in its role as president of the G-20 in 2012.

In a working meeting with delegates late Sunday, Spanish Economy Minister Luis de Guindos was expected to explain his government's labor and banking reforms designed to deal with a crisis that has seen the country's unemployment rate rise to 25 percent.

An official with the Spanish delegation, who declined to be named in line official policy, said De Guindos was not expected to announce any changes in Spain's position on international financial aid.

Spanish Prime Minister Mariano Rajoy said last week that he saw no immediate need to ask for help but did not rule it out in the future.

The G-20 brings together the world's principal economies and important emerging ones, including the United States, the European Union, China and Brazil.

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