Meeting of the G7 finance ministers and central bank governors in Dresden

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MIL OSI – Source: German Ministry of Finance – in English –

Headline: Meeting of the G7 finance ministers and central bank governors in Dresden

The finance ministers and central bank governors of the G7 states will meet in Dresden from 27 to 29 May 2015. The meeting will be hosted by German Finance Minister Wolfgang Schäuble and Bundesbank President Jens Weidmann. Other participants will include the heads of the IMF, the World Bank, the OECD, the ECB and the Eurogroup, as well as the European Commissioner for Economic and Financial Affairs.

The event is the third ministerial level meeting during the German G7 Presidency. Among other things, it serves as preparation for the G7 summit at Schloss Elmau on 7-8 June 2015. The venues in Dresden include the Frauenkirche, the Residenzschloss, the Hotel Taschenbergpalais and the Saxon state winery Schloss Wackerbarth.

Commenting on the upcoming meeting, Finance Minister Schäuble stated:

“Dresden stands for rebuilding and successful structural change. I look forward to a productive meeting with my G7 colleagues in one of Germany’s most beautiful cities.”

In a first for the G7, renowned economists have been invited to participate at the Dresden meeting. These include Nobel laureate Robert Shiller as well as Kenneth Rogoff and Larry Summers, both economists at Harvard University. A joint symposium between policy-makers and academics will examine the state of the global economy seven years after the onset of the global financial crisis and allow these experts to exchange views on the action that needs to be taken.

One of the central issues that the Dresden meeting will address is how to achieve sustainable growth in the face of record debt levels. The meeting will also focus on the regulation of financial markets and improving cooperation in international tax policy.

The Finance Ministry will be organising additional events on the sidelines of the G7 meeting. For example, next week Finance Ministry representatives will be visiting schools in Dresden, where they will talk with students about the issues on the G7 agenda.

For more detailed information, please visit our website at www.g7finance.de. Follow us on Twitter in the coming days: @G7 and @BMF_Bund. We will be providing live reports from Dresden under the hashtag #g7finance.

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