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Economic and Financial Affairs Council: extracts from the joint press conference by Christine Lagarde, French Minister for Economy, Industry and Employment, and Joaquín Almunia

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As the European Ministers for Finance ended their talks meant to prepare the ground for a meeting of EU leaders on 7th November 2008, and the European position at the G-20 on 15-16/11/2008, Christine Lagarde, French Minister for Economic Affairs, Industry and Employment and President in office of the Council of the EU, and Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, gave a joint press conference. Christine Lagarde told journalists that the EU was able to reach agreement on enhanced supervision, on the fundamental principles and values that need to apply in this global financial turmoil. France, which holds the EU presidency, wanted the Washington meeting to commit to regulation of multinational finance groups through more supervision of credit rating agencies and financial risk-taking.
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Type: EbS   Reference: 59951   Date: 04/11/2008   Duration: 00:03:52
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