
EU Finance ministers urge OPEC action on oil price
French Finance Minister Nicolas Sarkozy says that eurozone finance ministers have agreed to coordinate any response to surging oil prices and want talks with oil producers to lead to an increase in output.
"Finance ministers almost unanimously expressed the wish that we don't repeat the situation in 2000 where one country - (France's) Laurent Fabius - took unilateral action," Sarkozy said on the sidelines of a meeting of the 12 eurozone finance ministers in Luxembourg.
Sarkozy said the EU mi
More on Monetary Policy
Latest issue
Most read
- A route to economic growth – The Belt and Road Initiative 2018 survey
- Policymakers should act now to prevent next crisis – IMF panellists
- The Bank of Italy’s approach to risk-based budgeting
- Dudley backs floor-based system for setting monetary policy
- Asian Infrastructure Investment Bank – Raising expectations
Back to Top