APEC ministers sum up recovery

(00:43) Rough Cut

Nov 12 - Finance ministers take a punch at describing the economic recovery in one word or sentence.

The consensus among 21-member Asia Pacific Economic Cooperation (APEC) finance ministers was that the economic situation is better, but U.S. Treasury Secretary Timothy Geithner said it will take time to bring unemployment down and early recovery efforts must be supported.

SOUNDBITES:

UNITED STATES TREASURY SECRETARY TIMOTHY GEITHNER

CANADIAN FINANCE MINISTER JIM FLAHERTY

INDONESIAN FINANCE MINISTER SRI MULYANI INDRAWATI

PAPUA NEW GUINEA VICE MINISTER FOR TREASURY AND FINANCE

HONG KONG FINANCIAL SECRETARY JOHN TSANG

MALAYSIAN DEPUTY FINANCE MINISTER AHMAD HUSNI

NEW ZEALAND FINANCE MINISTER BILL ENGLISH

SINGAPORE FINANCE MINISTER THARMAN SHANMUGARATNAM

TAIWAN MINISTER OF FINANCE LEE SUSH-DER

SOUTH KOREAN DEPUTY MINISTER FOR INTERNATIONAL AFFAIRS

RUSSIAN DEPUTY FINANCE MINISTER