Factbox: Key quotes from G20 leaders ahead of the summit

Fri Jun 25, 2010 5:38pm EDT
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TORONTO (Reuters) - President Barack Obama urged world leaders to follow his lead on regulatory reform on Friday before the G20 summit, while other countries touted their swifter progress in dealing with debt mountains that threaten the global recovery.

The Group of 20 meeting in Toronto on Saturday and Sunday brings together major rich and developing countries to discuss the next steps after the worst financial crisis in 80 years.

Following are quotes from leaders and others at the summit, which began with a separate meeting of the Group of Eight (G8) richest countries on Friday.


on the need to coordinate G20 policies to strengthen the global economy:

"We need to act in concert for a simple reason: this crisis proved and events continue to affirm that our national economies are inextricably linked."

on U.S. financial sector reform:

"We are poised to pass the toughest financial reform since the ones we created in the aftermath of the Great Depression."

"Our economic growth and prosperity depend on a strong, robust financial sector, and I will continue to do what I can to foster and support a dynamic private sector. But we've all seen what happens when there's inadequate oversight and insufficient transparency on Wall Street."   Continued...