G20 Finance Ministers Meeting, UK: round table, group photo and statement by Joaquín Almunia
End production: 14/03/2009 First transmission: 14/03/2009
Ministers from the G20 group met in Horsham, United Kingdom, on 14 March 2009. They were joined by Central Bankers to discuss stimulating their economies out of the recession.
The G20 is an informal grouping of the world’s most powerful countries that together represent 85% of the world economy.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Exterior view of South Lodge Hotel in Horsham, United Kingdom (3 shots)
||Arrival of Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs
||Soundbite by Joaquín Almunia (in ENGLISH) on the dinner of 13 March: we disussed all the elements on the agenda of the London Summit: the macro economic situation and reaction, the coordinative reaction, the future regulation of the financial system and improving the supervision of the financial markets and financial institutions, and also the role of the international financial institutions, IMF, World Bank.
||Cutaways (2 shots)
||Soundbite by Joaquín Almunia (in ENGLISH): I think coordination is of the essence; if we are not reacting in a coordinated way, we will provoke protectionist strains and we will not be efficient; so this need to avoid protectionism and to coordinate our actions, given that we are facing the common challenge, is I think a conviction of all of us.
||Opening session: brief introduction by Alistair Darling, British Chancellor of the Exchequer, (in ENGLISH) referring to the dinner of Friday 13 March: I'm quite sure progress would be made on meeting's three main aims, which are: supporting economies, getting bank lending going again, making sure the whole world benefitted from the action taken.
||Group photo (9 shots)