Mukherjee said at even at the G-20 finance ministers meeting in Paris, India had maintained that the European solvency issue should be sorted out by the European nations themselves.
"Let us see what the leaders decide (at the Cannes G20 meeting)," he said. Prime Minister Manmohan Singh has left for France to participate in the two-day Summit of world's 20 leading economies (G20) to signal a "strong and coordinated approach" to put the global economy back on track, while addressing medium term structural issues.
Several European nations, including Greece, Portugal and Spain, are facing financial problems and a sovereign default is expected to have a severe impact on the whole region.
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