Eurogroup Council: arrivals and round table

Type: Report   Reference: I-055611   Duration: 10:15:58  Lieu:
End production: 12/11/2007
The 13 Ministers for Finance from the Eurozone met in Brussels to discuss market turmoil and economic prospects. They were debriefed on the outcome of the G7 meetings of the previous months in Washington. They also got a presentation by Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, of the European Commission's economic forecasts for 2007 and the coming two years. Recent financial turmoil, the US economic slowdown and increasing oil prices are shadowing the EU economy, cutting growth forecasts and upping inflation. The rising Euro strength against the US dollar was also set to be the major discussion point among Ministers.

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10:12:40 Title 00:00:04
10:12:45 Exterior view of the Council building 00:00:06
10:12:51 Arrival of Didier Reynders, Belgian Minister for Finance 00:00:04
10:12:55 Didier Reynders (in ENGLISH) on strong Euro; saying that it is possible to resist against external shocks thanks to a strong Euro; he knows that they have a lot of problems with exports due to a strong Euro but there are also some advantages 00:00:17
10:13:12 Arrival of Pedro Solbes Mira, Spanish Minister for Economy and Finance 00:00:08
10:13:20 Arrival of Michalis Sarris, Cypriot Minister for Finance 00:00:06
10:13:26 Michalis Sarris (in ENGLISH) on China; saying that the EU expects some adjustments from China with respect to more consumption and also to the exchange rate 00:00:23
10:13:49 Arrival of Christine Lagarde, French Minister for Economy, Finance and Employment 00:00:08
10:13:57 Roundtable - Arrival of Fernando Teixeira dos Santos, Portuguese Minister for Finance and President in office of the Council, and of Jean-Claude Trichet, President of the European Central Bank 00:00:10
10:14:07 Arrival of Thomas Mirow, German Federal Secretary of State for Finance, and handshake with Jeannot Krecké, Minister for Economy and Foreign Trade of Luxembourg 00:00:07
10:14:14 Arrival of Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs 00:00:11
10:14:25 Tonio Fenech, Maltese Parliamentary Secretary in the Ministry of Finance 00:00:07
10:14:32 Joaquín Almunia and Thomas Mirow 00:00:11
10:14:43 General view 00:00:05
10:14:48 Tommaso Padoa-Schioppa, Italian Minister for Economy and Finance, shaking hands with Joaquín Almunia - joined by Jean-Claude Juncker, Prime Minister of Luxembourg and President of the Eurogroup (2 shots) 00:00:26
10:15:14 Fernando Teixeira dos Santos 00:00:04
10:15:18 Jean-Claude Juncker and Jean-Claude Trichet (2 shots) 00:00:12
10:15:30 General view 00:00:08
10:15:38 Jean-Claude Trichet 00:00:07
10:15:45 Pedro Solbes Mira with Joaquín Almunia and Jeannot Krecké (2 shots) 00:00:07
10:15:52 Jean-Claude Juncker 00:00:06
10:15:58 General views (2 shots) 00:00:18
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