Economic and Financial Affairs Council: arrivals (update)

Type: Report   Reference: I-056418   Duration: 10:16:31  Lieu:
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.

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10:13:14 Title 00:00:04
10:13:19 Cutaway of cameramen 00:00:04
10:13:23 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 00:00:21
10:13:44 Arrival of delegation 00:00:09
10:13:53 Arrival of Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs 00:00:10
10:14:03 Arrival of Georgios Alogoskoufis, Greek Minister for Economy and Finance 00:00:12
10:14:15 Arrival of Wilhelm Molterer, Austrian Federal Minister for Finance 00:00:11
10:14:26 Arrival of Andrej Bajuk, Slovenian Minister for Finance and President in office of the Council 00:00:12
10:14:38 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 00:01:00
10:15:38 Cutaway of press 00:00:06
10:15:44 Arrival of Peer Steinbrück, German Federal Minister for Finance (3 shots) 00:00:16
10:16:00 Peer Steinbrück (in ENGLISH) on the previous night's budgetary discussion; saying that everybody is demanding to undertake any achievement to reach the Mid-Term Objectives as it is part of the Berlin commitment; they confirmed the previous day at the Council that this commitment was still the basis framework 00:00:22
10:16:22 Arrival of Christine Lagarde, French Minister for Economy, Finance and Employment 00:00:09
10:16:31 Arrival of Philippe Maystadt, President of the European Investment Bank 00:00:05
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