Extracts from the joint press briefing by José Manuel Barroso and Heinz Fischer, Federal President of Austria
Type: Summary of press conference
End production: 15/09/2010 First transmission: 15/09/2010
On 15/09/2010, José Manuel Barroso, President of the EC, received Heinz Fischer, Federal President of Austria.
They discussed the economic situation in Europe, fiscal consolidation, structural reforms, economic governance. Other topics of talks included energy and enlargement.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Arrival of Heinz Fischer, Federal President of Austria, and José Manuel Barroso, President of the EC, to the press room
||SOUNDBITE (in English) by José Manuel Barroso: We have also discussed the economic governance. As you know the European Commission has tabled a number of ideas over the last months which are the basis for our discussion. We are making good progress on economic governance and will make key legislative proposals on 29 September to reinforce our common rules, with better surveillance and clearer incentives for compliance. We also need stricter regulation of financial markets: Just today, the Commission adopted a key package regulating derivatives trading, tackling credit default swaps and banning abusive naked short-selling.
||Cutaway of photographs
||SOUNDBITE (in English) by Heinz Fischer: Our approach to the EU is that it is always very important to keep economic goals and social goals in a reasonable balance and that the people should know that the EU is not only taking care of the economic development but also on the social responsibility, this also was agreed.
||General view of the press room