Eurogroup Council: extracts from the joint press conference by Jean-Claude Juncker, President of the Eurogroup, and Joaquín Almunia
The Finance Ministers of the Eurogroup, meeting on 19 January 2009 in Brussels for talks on the economic and financial situation, agreed with the forecast presented earlier that day by the European Commission.
According to the latest information, the euro area economy will contract for the first time in 2009 and barely grow in 2010 while inflation will remain below the European Central Bank target. Ministers reviewed steps taken to support the banking sector and the real economy.
Jean-Claude Juncker, Luxembourgish Prime Minister and Minister for Finance and President of the Eurogroup, and Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, held a joint press conference after the Eurogroup meeting. SHOTLIST