Navigation path

Login   |   Register
 

Advanced search Search in:    Audio    Photo    Video    Shotlist


OR









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

18 views

The Economic and Financial Affairs Council (ECOFIN) met for an informal meeting in Gothenburg, Sweden, on 1 and 2 October 2009, four days after the end of the G20 Summit in Pittsburgh. In the course of this two-day meeting, EU Finance Ministers and Central Bank Governors discussed how to restore the public finances to good order when the need for support measures recedes and how to create frameworks that can prevent such a widespread crisis from recurring. They also discussed how to prevent unemployment becoming entrenched and how to stop climate and environmental change. The Swedish Presidency indicated its willingness to push ahead measures that would facilitate sustainable recovery. In a press conference, Anders Borg, Swedish Minister for Finance and President in office of the Council, said the economic and financial crisis had been halted by bold and decisive actions from policy makers and that it would be wrong to withdraw the expansionary stimulus measures at the current juncture. He added that it is necessary to keep the economic policy in general terms expansionary at the current juncture to be sure that the tentative recovery is turned into a real and strong recovery. He explained that at the same time, this is the right time to start to design and communicate credible exit strategies Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, said that the November EC forecast would help the decision on when the exit strategy should start to be implemented. He added that provided this scenario will give the feeling that the recovery takes hold in 2011, this year should be the moment when the withdrawal of stimulus should gather momentum.
SHOTLIST LINK

Type: EbS   Reference: 65435   Date: 01/10/2009   Duration: 00:04:18
To download, please log in



Related media

Employment, Social Policy, Health and Consumer Affairs Council, 2980th meeting: ...
Ref: 67016
Date: 01/12/2009
Justice and Home Affairs Council, 2979th meeting: arrivals
Ref: 67011
Date: 01/12/2009
Employment, Social Policy, Health and Consumer Affairs Council, 2980th meeting: ...
Ref: 67015
Date: 01/12/2009
Justice and Home Affairs Council, 2979th meeting: round table
Ref: 67012
Date: 01/12/2009
Eurogroup Meeting: round table
Ref: 67024
Date: 01/12/2009
Visit of Herman Van Rompuy, Belgian Prime Minister and President designate of ...
Ref: 67113
Date: 01/12/2009
Visit of José Manuel Barroso and Fredrik Reinfeldt, Swedish Prime Minister and ...
Ref: 67070
Date: 01/12/2009
Eurogroup Meeting: arrivals
Ref: 67023
Date: 01/12/2009

New Video Player (Version 1)
More info

Press packs


Go to useful links page Useful links

Go to rss page Go to EU Tube page Go to twitter page Go to facebook page Go to contact page


Credit © European Union, 2014