India says 'more needed' to restore euro confidence

India's Prime Minister Manmohan Singh said Wednesday "much more needs to be done" to restore investor confidence in the eurozone and urged leaders to take difficult decisions "swiftly".

The sovereign debt crisis in the eurozone "has emerged as the principal source of concern for the global economy," he said ahead of his departure for a summit of G20 countries in Cannes, France.

"The twin summits of the European Union and eurozone a few days ago have helped to restore a measure of confidence in the markets, but much more needs to be done," he said.

"It is imperative that the difficult decisions needed to address the economic challenges in Europe and elsewhere are taken swiftly."

AFP

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