Informal ECOFIN: 3-4 April 2009

Treasury written statement – made at on 28 April 2009.

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Photo of Alistair Darling Alistair Darling The Chancellor of the Exchequer

The informal meeting of the Economic and Financial Affairs Council was held in Prague on 3 and 4 April 2009.

The Informal first focused on the issues facing Europe from the current economic and financial situation, including the impact of the recession on global trade and labour markets and the need to restore growth. The Informal also discussed the G20 summit and the forthcoming spring meetings of the IMF and World Bank. Ministers also assessed the costs and benefits of the 2004 enlargement.

Ministers and governors also held the first discussion of the recommendations made by the high-level group of Jacques de Larosière regarding the reform of the financial supervisory framework in Europe.

The Financial Services Secretary to the Treasury represented the UK.