Economic and Financial Affairs Council: arrivals
End production: 12/02/2008 First transmission: 12/02/2008
Following the previous night's decision at the Eurogroup to put pressure on France and, to a lesser extent, on Italy to show leniency over their deficits, the 27 Finance Ministers of the EU were due to vote on 12 February 2008 on the European Commission's assessment of various countries' budgetary programmes, including those of France, Italy, Germany and the United Kingdom. Ministers discussed the economic situation and outlook since they last met on 21 January 2008. The relative growth outlook for Europe will be reassessed in the next Commission Interim Forecast (21 February), which will update the outlook for growth and inflation, for the largest economies, the EU and the Euro area. The Finance Ministers also prepared the European Spring Council (March) where the Heads of State and Government will discuss the Lisbon package.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Cutaway of cameramen
||Arrival of Wouter Bos, Dutch Minister for Finance,
and speaking (in ENGLISH) reacting to the previous day's discussion on France's budgetary programme; saying that the 2010 targets are maintained; the French Minister displayed a very constructive attitude; so he is happy
||Arrival of delegation
||Arrival of Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs
||Arrival of Georgios Alogoskoufis, Greek Minister for Economy and Finance
||Arrival of Wilhelm Molterer, Austrian Federal Minister for Finance
||Arrival of Andrej Bajuk, Slovenian Minister for Finance and President in office of the Council
||Andrej Bajuk (in ENGLISH) on the previous night's budgetary discussion;
saying that there are no loopholes in the Berlin declaration; what they have decided in April 2007 is that given the good times they should make efforts to achieve all these objectives; regardless of what the position of one country may be, on the whole, 16 EU Member States have already achieved the Mid-Term Objectives and they are all working very hard on it; the key issue is that the EU is much better prepared today for the kind of turmoil and events that we are witnessing today in the financial markets
||Cutaway of press