S.Korea finmin at G20: recovery needs more action

South Korea, June 4 (Reuters) – The euro zone’s debt crisis and the financial instability showed the fragility of the global recovery and more action is needed to sustain it, South Korea’s finance minister told a G20 meeting on Friday.

“We can’t afford to be complacent,” Yoon Jeung-hyun said during the opening session of the Group of 20 finance ministers’ and central bank chiefs’ meeting.

“Without further and ongoing action from us, the recovery may not remain on track and we may not be able to achieve strong, sustainable and balanced growth,” Yoon, who chairs the meeting, said. (Reporting by Yoo Choonsik; Editing by Tomasz Janowski)

To read more, visit: http://www.reuters.com/article/idUSTOE65307V20100604

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