The 11th ASEM Finance Ministers’ Meeting (FinMM11) will take place on Friday, 12 September. The meeting is organized once every two years and gathers economy and finance ministers from 49 European and Asian countries in order to develop cooperation between the two continents. The topic Ministers will work on in Milan is: “A New Strategic Alliance to Create Sustainable and Profitable Growth".
The discussions will focus on both the regional and the global level and will assess perspectives and risks emerging from the current phase of gradual economic recovery and uneven growth. Asia and Europe have followed two different paths to react to the crisis, with Asia facing stabilization although, if compared to several European countries, it can still be considered on the rise. The latter are in fact engaged in reducing their debt and promoting structural reforms to stimulate competiveness and productivity. The Asian model however has highlighted imbalances and fragilities. Hence the meeting will focus on post-crisis lessons that each region can learn from the other.
The 10th ASEM Summit– the meeting of the Asian and European Heads of Government or State– will take place in Milan on 16 and 17 October 2014. It will be chaired by the President of the European Council, Herman van Rompuy, and European Commission President, Jose Manuel BarrosoAttachment: