{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='French and German finance chiefs discuss economic weakness and eurozone recovery' data-url='/boclips/videos/687903e9efa60ff713f2462b' data-video-url='/boclips/videos/687903e9efa60ff713f2462b' 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\nFrench and German finance chiefs discuss economic weakness and eurozone recovery\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'\u003eEven as stock market indexes continued to slide French and German finance chiefs meeting in Paris have been talking up the world economy and pondering how to return the eurozone to sustained growth.  The German and French finance...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEven as stock market indexes continued to slide French and German finance chiefs meeting in Paris have been talking up the world economy and pondering how to return the eurozone to sustained growth. \u003cbr/\u003e\u003cbr/\u003e The German and French finance ministers Wolfgang Schaeuble and Michel Sapin discussed strengthening the monetary union in Europe while Bank of France Governor Francois Villeroy de Galhau and his Bundesbank counterpart Jens Weidmann warned against over-reacting to signs of economic weakness.\u003cbr/\u003e\u003cbr/\u003e Weidmann said he did not expect a sharp deterioration in the Chinese economy: “The volatility of the financial markets that we are witnessing reflects these economic uncertainties in terms of material risk, which I have already spoken about. And we believe that this volatility in Asian markets was propagated in Europe, in the eurozone and worldwide.”\u003cbr/\u003e\u003cbr/\u003e Villeroy de Galhau told reporters that he agreed with Weidmann’s comments about financial volatility being excessive and that short-term market swings will need to be looked through. He added that on the French side, banks were in a much better situation than before the financial crisis.\u003cbr/\u003e\u003cbr/\u003e Asked about structural reforms and closer integration Schaeuble said: “Regarding the strengthening, or deepening, of the monetary union, we agree it’s necessary to amend the treaties but for now it is not really realistic. And we also agree to take the measures we can take currently, without changing the treaties, we won’t wait for elections. Every week, every month we work on these issues, we’ll continue to do so.”\u003cbr/\u003e\u003cbr/\u003e That followed statements from the German and French central bank heads that the European Central Bank, under Mario Draghi, cannot create sustainable long-term growth for the eurozone through monetary policy alone. \u003cbr/\u003e\u003cbr/\u003e Bundesbank President Jens Weidmann is particularly opposed to the ECB’s stimulus measures – which include money printing – to try to spur a recovery for the region’s economy. \u003cbr/\u003e\u003cbr/\u003e With the economic outlook bleaker, Weidmann said what happens with inflation would be a subject of discussion at the European Central Bank’s March governing council meeting.\u003cbr/\u003e\u003cbr/\u003e In December, the ECB forecast an inflation rate of about 1.0 percent for this year, but oil prices have continued to slide since then, pulling down the inflation outlook.\u003cbr/\u003e\u003cbr/\u003e The ECB has undershot its around 2.0 percent inflation target for three straight years and is unlikely to return to it to for years to come given low oil prices, lacklustre economic growth, weak lending and only modest wage rises in the eurozone.\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 class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star-half-stroke text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-regular fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003c/span\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt class=\"educator-rating-title\"\u003eEducator Rating\u003c/dt\u003e\u003cdd\u003e\u003cdiv class=\"educator-rating-details\" data-path=\"/educator_ratings/rrp_data?resourceable_id=91030644\u0026amp;resourceable_type=Boclips%3A%3AVideoMetadata\"\u003e\u003cspan class=\"not-yet-rated\"\u003eNot yet Rated\u003c/span\u003e\u003c/div\u003e\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eMedia Length\u003c/dt\u003e\n\u003cdd\u003e1:14\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eGrade\u003c/dt\u003e\u003cdd title=\"Grade\"\u003e9th - Higher Ed\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eSubjects\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?keywords=Making+Connections+to+Text\u0026amp;page=3\u0026amp;search_tab_id=1\u0026amp;subject_ids%5B%5D=358379\"\u003eSocial Studies \u0026amp; 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