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Statement by the G20 Finance Ministers
on the Euro Area Support Measures

May 10, 2010

The G20 welcomes the commitment made by the euro area Heads of State and Government to use the full range of means available to ensure the stability of the euro area and the comprehensive package of measures, including a European Financial Stabilisation mechanism with a total volume of up to 500 billion euros, announced by the Economic and Financial Affairs Council of the European Union. We also welcome the measures announced by the European Central Bank today to address severe tensions in financial markets.

The G20 will continue to monitor closely the development of global markets, and remains strongly committed to continue to work together to maintain global financial stability and ensure strong, sustainable and balanced global growth.

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Source: Ministry of Strategy and Finance, Republic of Korea

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