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Video: French Finance Minister Christine Lagarde addresses consumer movement
16 May 2011
Not enough 'brain power' spent on
consumers during financial crisis - French Finance Minister,
Christine Lagarde tells CI World
Congress.
Minister Lagard addresses consumer leaders from more than 60
countries gathered in Hong Kong to consider 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 said:
"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".
Madame Lagarde also said "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."
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World Congress here.