U.S. President Barack Obama and German Chancellor Angela Merkel on Saturday discussed financial issues including regulatory reform and European debt solution in an effort of coordination before the G20 meeting, Xinhua reported.
In a phone talk, Obama congratulate Merkel on German parliamentary approval to contribute to a 750 billion euro (945 billion U.S. dollars) emergency fund to stabilize the European economy, according to the White House.
Merkel applauded the U.S. Senate's passage this week of the most sweeping financial reforms in decades.
"They discussed the importance of coordination on regulatory matters and renewed growth in the run up to the G20 (summit) next month in Canada," the White House said in a statement.
The G20, a group of 20 developed and influential developing countries' leaders, will meet next month in Toronto, Canada, to talk about world economic growth, financial regulatory reform and other international financial and economic issues.