Not enough 'brain power' spent on consumers during financial crisis - Minister Lagarde to tell CI World Congress
03 May 2011
Not enough 'brain power' spent on
consumers during financial crisis - French Finance Minister,
Christine Lagarde to tell CI World
Consumer leaders from more than 60 countries gather in Hong Kong
to address the global challenge of
financial consumer protection.
In a video address to the
Consumers International (CI) World Congress in Hong Kong,
Christine Lagarde French Minister of Economic Affairs and chair of
the G20 finance ministers in 2011 will say:
"It is my personal belief that on the occasion of the
[financial] crisis we didn't spend a lot of time, nor a lot of
brain power on consumers", going on to say, "consumers were the
victims on many occasions and in many instances".
The message comes as consumer organisations from around the
world meet in Hong Kong to debate the state protection for
Madame Lagarde will also say "It is only fair that consumers are
part of the process of rebuilding trust and rebuilding regulation
and making sure that the same situation does not happen again."
The message from Madame Lagarde will be followed by a keynote
address from James Guest, Vice President of CI and CEO of Consumers
Union in the United States. Highlighting the impact of financial
abuses in the US, India, Egypt, Spain and Bosnia, James Guest will
talk about the significance of the CI campaign on financial
Follow all the news on Consumers International
World Congress here.
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