{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Meeting aims to improve financial regulations on cooperation' data-url='/boclips/videos/5c54bb25d8eafeecae122da7' data-video-url='/boclips/videos/5c54bb25d8eafeecae122da7' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nMeeting aims to improve financial regulations on cooperation\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of Eurofi conference room at the Carlton Hotel  2. Various of Eurofi logo3. Medium of Jacques de Larosiere, Co-President of Eurofi greeting Belgian Finance Minister Didier Reynders4. Wide of debate room5. Close of Eurofi...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of Eurofi conference room at the Carlton Hotel  \u003cbr/\u003e2. Various of Eurofi logo\u003cbr/\u003e3. Medium of Jacques de Larosiere, Co-President of Eurofi greeting Belgian Finance Minister Didier Reynders\u003cbr/\u003e4. Wide of debate room\u003cbr/\u003e5. Close of Eurofi information booklet\u003cbr/\u003e6. Close of audience listening\u003cbr/\u003e7. Medium of Reynders\u003cbr/\u003e8. Close of Eurofi booklet\u003cbr/\u003e9. SOUNDBITE (English) Didier Reynders, Belgian Finance Minister: \u003cbr/\u003e\"For such a very important new architecture of the financial supervision it is important to have a real support from the 27 member states, from the Commission but also from a large majority, almost the unanimity of the European Parliament. And to do what? Of course to have three new institutions, supervision bodies for the banks, the insurance companies, the markets, and to try to organise more and more an European approach of the supervision.\"\u003cbr/\u003e10. Close of Frits Bolkestein, Former EU Commissioner for Internal Market \u003cbr/\u003e11. Wide of audience \u003cbr/\u003e12. SOUNDBITE (English) Frits Bolkestein, Former EU Commissioner for Internal Market: \u003cbr/\u003e\"Mr Von Rompuy (President of The European Council) has now said that EU growth must double in order to pay for social welfare systems, that he terms the European way of life. I am afraid this leads us to a catch-22 situation, because for our growth to double, we must reform the welfare states, in particular the labour markets. We cannot increase growth if we do not recognise, Chairman, that the party is over. We shall all have to work longer and harder, more hours in the week, more weeks in the year, and no state pension before the age of 67. And please, no more gesture politics.\"\u003cbr/\u003e13. Close of man listening\u003cbr/\u003e14. Medium of audience\u003cbr/\u003e15. Wide of debate room\u003cbr/\u003e16. SOUNDBITE (English) Joaquin Almunia, European Commissioner for Competition: \u003cbr/\u003e\"Now, as a consequence of what we learned during the crisis and that we are still suffering because of the crisis we have embarked in a stronger wave of regulation, changing regulation, introducing regulation, where this did not exist before at the European level, and reinforcing supervision at the European level with development of the De Larosiere report in particular.\"\u003cbr/\u003e17. Audience taking notes\u003cbr/\u003e18. SOUNDBITE (English) Joaquin Almunia, European Commissioner for Competition: \u003cbr/\u003e\"We want, all of us - governments, European authorities, regulators of the industry, we all want to avoid, as much as possible, the repetition of what has happened, of the crisis, we know that some kind of crisis will come in the future, but at least we are responsible to avoid the same kind of crisis.\"\u003cbr/\u003e19. Wide of debate room\u003cbr/\u003eThe European financial think tank Eurofi met in Brussels on Monday to discuss financial regulations within the European Union.\u003cbr/\u003eSpeaking at the meeting, Belgian Finance Minister Didier Reynders, whose country holds the EU Presidency, said that economic governance can be achieved in the European Union and he called for the broader support of financial supervision.\u003cbr/\u003e\"For such an important new architecture of the financial supervision it is important to have a real support from the 27 member states, from the Commission but also from a large majority, almost the unanimity of the European Parliament,\" Reynders said. \u003cbr/\u003eFormer EU Commissioner for Internal Market Frits Bolkestein called on Europeans to work harder and longer.\u003cbr/\u003e\"We cannot increase growth if we do not recognise, Chairman, that the party is over. We shall all have to work longer and harder, more hours in the week, more weeks in the year, and no state pension before the age of 67,\" Bolkestein said.\u003cbr/\u003eEU Commissioner for Competition Joaquin Almunia said that while the EU will eventually face a new crisis, the goal should be to avoid a similar economic crisis to that of 2008. \u003cbr/\u003eThe conservative think tank's forum will last four days with experts, EU officials, CEOs and chairmen of Europe biggest banks and regulation bodies set to discuss EU financial systems and reforms.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv 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