(23 May 2004) SHOTLIST
New York, New York - 23 May 2004
1. Exterior view of hotel, with flags
2. Close-up pan of Gordon Brown, U.K. Chancellor of the Exchequer, arriving
3. Close-up pan of Caio Koch-Weser, German Deputy Finance Minister, arriving
4. Mid view, pan of Joaquin Almunia, European Commissioner for Economic Affairs
5. Pan view of U-S Treasury Secretary John Snow arriving
6. Mid, pan of Sadakazu Tanigaki Japanese Finance Minister arriving
7. Pan view of breakfast meeting
8. Mid view of Snow
9. Various views other finance ministers
10. Pull back view from Brown to Zembei Mizoguchi, Japanese Vice Minister of International Affairs
STORYLINE:
Representatives from the industrialised world's Group of Eight (G-8) nations are continuing their meetings in New York.
Finance ministers from five of the G-7 nations; including the United States, Japan, Germany, the United Kingdom, France, Italy and Canada; held their discussions at the historic art deco hotel the Waldorf-Astoria.
Both the Canadian and German governments were represented by delegations that did not include their finance ministers.
Russia also sent representatives to the New York meeting.
While the meeting was scheduled to prepare for the upcoming G-8 meeting in June at Sea Island, Georgia, Sunday's talks were dominated by the price of oil.
Arriving for a breakfast meeting the European Commissioner for Economic Affairs, Joaquin Almunia, told reporters that he hoped a Saudi plan to increase oil output could help calm markets.
A number of analysts said the finance ministers were expected to call for an urgent cut in oil prices on Sunday.
There are fears that the high price of oil could slow down the world economy and the finance ministers want oil exporters to lift production quotas.
US Treasury Secretary John Snow on Friday said he would support a statement by the finance ministers calling on OPEC to boost oil production.
He also welcomed a Saudi Arabian proposal for OPEC to lift oil production by about 8 percent, or 2 (m) million barrels per day.
Snow said officials throughout the Bush administration, including the President himself, have called on OPEC to expand production.
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