German Chancellor Angela Merkel on Saturday signaled that she expected next week's G20 summit in Canada to focus on budget consolidation rather than continue with stimulus packages to strengthen the global economic recovery as favored by US President Barack Obama.
Leaders of the 20 biggest developed and developing economies meet on June 26-27 in Toronto, Canada.
In her weekly podcast, Merkel said from a European perspective, keeping an eye on avoiding future economic problems takes priority.
"For the European parties involved, and especially Germany, it is urgently necessary to prevent crises like this from ever happening again in the future," she said.
Economic growth must be sustainable, environmentally friendly and oriented towards the future, Merkel said.
