Eurogroup Meeting: arrivals
End production: 01/12/2009 First transmission: 01/12/2009
On 1 December 2009, the Ministers for Finance of the Eurogroup met in Brussels for their regular economic talks. Financial supervision and public finances were expected to be at the menu of their meeting. The Ministers examined the deadlines for deficit reductions proposed by the European Commission in November 2009. More over, Jean-Claude Juncker, Luxembourgish Prime Minister, was re-appointed as chairman of the Eurogroup as the Treaty of Lisbon entered into force.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Cutaway of cameraman
||Arrival of Jyrki Katainen, Finnish Minister for Finance, and soundbite on the Eurozone being possibly affected by Dubai's debt crisis (in ENGLISH): so far I have not seen any serious debt or serious risk coming from Dubai; but of course, it is very boring news that there are still areas or countries like Dubai which can really shake our economies; atmosphere is still very weak and growth is not on a strong path enough (2 shots)
||Cutaway of press
||Soundbite by Anders Borg, Swedish Minister for Finance and President in office of the Council, on financial supervision (in ENGLISH): there is a strong financial infrastructure that we are now building; a combination of the agreements made at the G20 and the different guarantee schemes that have been set up, the financial exit strategies, and now macro supervision.
||Arrival of Wouter Bos, Dutch Minister for Finance, and soundbite on Dubai's debt crisis, (in ENGLISH): I think most stock exchanges have reacted in a pretty mature way, initial shock and recovery afterwards; speaking for The Netherlands, we are still investigating what our exposure is and to what extend our companies there are insured; there will be some impact but, I have no reason to be overly pessimistic right now.
Soundbite by Wouter Bos, on the re-appointment of Jean-Claude Juncker, (in ENGLISH): I do not know but I have always supported him as chairman of the Eurogroup; I think he has done a good job and I could envisage seeing him doing for a few more years; depends on other colleagues and I do not know whether a decision should be taken today (2 shots)
||Arrival of Jean-Claude Trichet, President of the European Central Bank