(CBS News) President Obama today arrives at the opening session of the G-20 summit, a meeting of leaders from 20 of the world's most powerful economies, in Los Cabos, Mexico. Over the course of two days, leaders are expected to focus on the euro crisis and discuss plans to stimulate the world economy.
Though the talks will are mostly on the economy, the summit is unlikely to produce any concrete solutions for the Eurozone. The meetings will instead be an opportunity for Mr. Obama to listen to financial proposals and for European leaders to form some consensus. White House officials say more of that consensus will likely come together at a European Council meeting at the end of June.
"Los Cabos will not be the final word on the euro zone," Deputy National Security Adviser Mike Froman said Friday at the White House, "that is a continuing conversation with some important milestones, including a meeting of all EU leaders coming up in Brussels at the end of the month."Continue »