World leaders are gathering in Mexico for a G20 summit which is expected to be dominated by concerns about the crisis in the eurozone.
The victory of a pro-bailout party in the Greek election did not give stock markets the expected boost.
Spanish Prime Minister Mariano Rajoy told other European leaders: "I think what we are going to transmit is a message of confidence in the euro."
Interest rates on Spanish bonds hit fresh highs on Monday.
BBC World Service economics correspondent Andrew Walker says that while Europe is clearly the big danger, there are also problems elsewhere in the G20, starting with the two largest national economies, the US and China.
He adds that the slowdown in India is another important point for the G20 to fret about.
US President Barack Obama was due to meet Russian President Vladimir Putin and German Chancellor Angela Merkel on Monday in the resort of Los Cabos, which is hosting the summit.
G20: How their economies are faring | |||
|---|---|---|---|
| Country | Growth (% GDP change, 2010-11) | Unemployment (% 2011) | External debt (% GDP, end of 2011) |
 Argentina | 8.9 | 7.5 | 7.6 |
 Australia | 2.2 | 5.1 | 86.6 |
 Brazil | 2.7 | 6 | 17.2 |
 Canada | 2.4 | 7.5 | 70.2 |
 China - mainland | n/a | 4.1 | n/a |
 European Union* | 1.5 | 10.1** | 120.0 |
 France | 1.7 | 9.3 | 191.2 |
 Germany | 3 | 6.5 | 159.4 |
 India | 6.9 | n/a | 17.2*** |
 Indonesia | 6.5 | 6.6 | 26.5 |
 Italy | 0.4 | 8.4 | 115.1 |
 Japan | -0.7 | 4.6 | 52 |
 Mexico | 3.9 | 5.2 | 26.1 |
 Russia | 4.3 | 6.6 | 27.7 |
 Saudi Arabia | 6.8 | n/a | n/a |
 South Africa | 3.3 | 24.9 | 29.4 |
 South Korea | 3.6 | 3.4 | 34.9 |
 Turkey | 8.5 | 9.8 | 42.7 |
 UK | 0.9 | 8.1 | 421.9 |
 US | 1.7 | 9.0 | 98.2 |
Source:Principal Global Indicators | |||
* Euro area only, ** 2010 figs, *** Q3 2011.Note:External debt refers to debt owed to creditors outside the country. Countries with active financial sectors, such as the UK, tend to have large amounts of external debt. | |||
