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President Hollande Receives Jack Lew in Paris

President Hollande Receives Jack Lew in Paris

Published on January 8, 2014
French Finance Minister Joins Meeting with U.S. Treasury Secretary – Communiqué issued by the Presidency of the Republic

Paris, January 7, 2014

The President had a meeting at the Elysée this afternoon with Mr Jack Lew, American Secretary of the Treasury.

M. Pierre Moscovici, Minister of the Economy and Finance, took part in the meeting.

The President and Mr Lew welcomed the confirmed upturn in economic activity in Europe and the United States.

They expressed the wish for the G20 to give full priority again this year to growth, employment and reducing global imbalances, whilst ensuring that fiscal and monetary policy is properly tailored to the recovery.

The G20 will also have to continue its work in the area of financial regulation and tax cooperation.

The Head of State recalled recent progress towards the establishment of banking union, a key factor in restoring confidence and strengthening Euro Area banks.

The meeting allowed preparations to be made for the state visit the President will be paying to the United States in February./.

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