Economic and Financial Affairs Council: round table

Type: Report   Reference: I-056163   Duration: 10:41:46  Lieu:
End production: 22/01/2008   First transmission: 22/01/2008
As recession worried hit stock markets worldwide, the 27 EU Ministers for Finance started their monthly talks in Brussels. As he entered the Council building, Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, said the current economic threat is the danger of a US recession rather than a global downturn. When financial markets act irrationally, and are driven by herd behaviour, when stock markets demonstrate short-termism, there is no reason for Finance Ministers to do the same, declared Jean-Claude Juncker, Luxembourgish Minister for Finance and President of the Eurogroup.

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TIME DESCRIPTION DURATION
10:39:59 Title 00:00:04
10:40:04 Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, and Pedro Solbes Mira, Spanish Minister for Economy and Finance 00:00:03
10:40:07 Andrej Bajuk, Slovenian Minister for Finance and President in office of the Council 00:00:05
10:40:12 Fernando Teixeira dos Santos, Portuguese Minister for Finance 00:00:08
10:40:20 Pedro Solbes Mira and Joaquín Almunia (2 shots) 00:00:10
10:40:30 EU ambassadors 00:00:03
10:40:33 Wouter Bos, Dutch Minister for Finance 00:00:06
10:40:39 General view 00:00:05
10:40:44 French delegation 00:00:06
10:40:50 Didier Reynders, Belgian Minister for Finance 00:00:04
10:40:54 Joaquín Almunia and Pedro Solbes Mira 00:00:06
10:41:00 Joaquín Almunia talking with Pedro Solbes Mira; Didier Reynders talking with Jean-Claude Juncker, Luxembourgish Minister for Finance and President of the Eurogroup 00:00:08
10:41:08 Andrej Bajuk (3 shots) 00:00:12
10:41:20 Georgios Alogoskoufis, Greek Minister for Economy and Finance 00:00:07
10:41:27 Jean-Claude Juncker 00:00:08
10:41:35 General view 00:00:06
10:41:41 Jean-Claude Trichet, President of the European Central Bank, with Tommaso Padoa-Schioppa, Italian Minister for Economy and Finance 00:00:05
10:41:46 General view 00:00:05
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