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Informal Ecofin Ministers' Meeting: extracts from the joint press conference by Anders Borg, Swedish Minister for Finance and President in office of the Council, and Joaquín Almunia

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On 2 September, an informal meeting of the European Ministers for Finance took place in Brussels. The main purpose of the meeting was to agree on a common EU position for the G20 meeting of finance ministers and central bank governors in London on 4-5 September. The policy areas which are currently on the G20 agenda and which may be discussed at the meeting are as follows: the general economic situation, including a discussion of a strategy to ensure stability and sustainability of public finances. Avoidance of future financial crises. This includes measures to strengthen financial market regulation and supervision. Reform of governance and representation in the IMF, the World Bank and regional multilateral development banks and strengthening their resources. The issue of reforming international multilateral lending facilities to assist the very poorest countries in achieving a balanced and long-term recovery. Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, and Anders Borg, President in office of the Council and Swedish Minister for Finance, gave a joint press conference in connection with the informal meeting.
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Type: EbS   Reference: 65043   Date: 02/09/2009   Duration: 00:01:58
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