European Council: extracts from the intermediary press conference by Herman VAN ROMPUY, President of the European Council and José Manuel BARROSO, EC President

Type: News   Reference: 78407   Duration: 00:02:38  Lieu: Brussels, Belgium - Council
End production: 23/06/2011   First transmission: 23/06/2011
On 23 June, José Manuel Barroso, EC President and Herman Van Rompuy, President of the European Council, held the press conference of the EU Council. Euro area Heads of State or Government reiterate their commitment to do whatever is necessary to ensure the financial stability of the euro area as a whole. As regards Greece, the European Council recognises the considerable progress achieved over the last year, particularly in the area of fiscal consolidation. It welcomes the Greek government's continued strong commitment to implement the adjustment programme. Following the request by the Greek government announced by the Greek Prime Minister, this will provide the basis for setting up the main parameters of a new programme jointly supported by its euro area partners and the IMF, in line with current practices, and at the same time for allowing disbursement in time to meet Greece's financing needs in July.

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00:00:00 Title 00:00:05
00:00:05 José Manuel Barroso, EC President, and Herman Van Rompuy, President of the European Council (2 shots) 00:00:05
00:00:18 SOUNDBITE (in English) Herman Van Rompuy saying that: The Euro area Heads of States and Government agree that required additional funding will be financed to both official and private sources. They endorsed the approach decided by the Euro group on the 28 of June as regards the pursuit of the voluntary private sector in the form of voluntary role over of existing dedt while avoiding a selective default. 00:00:28
00:00:46 Cutaway of the press 00:00:05
00:00:51 SOUNDBITE (in English) José Manuel Barroso saying that: I want us to use every valuable possibility to stimulate jobs and growth in Greece. Fiscal consolidation is indispensible, structural reforms are indispensible, the privatising program as well. But we have to make it clear that it is a contribution for growth. And I have presented this initiative after a consultation with Prime Minister Papandreou to look how we can use the existing European funds, structural funds in Greece so that they maximize their immediate impact on growth and job. 00:00:33
00:01:24 Cutaway of the press 00:00:04
00:01:28 SOUNDBITE (in French) Herman Van Rompuy saying that: We have to go trough austerity measure, but without budgetary consolidation without that there is no prospect. You have to be able to demonstrate to the population that there are budgetary results, when you have that, you will have the growth and the employment. 00:00:25
00:01:53 Cutaway of the press 00:00:03
00:01:56 SOUNDBITE (in English) José Manuel Barroso saying that: I think it was once again, an indication that there is a real will of the European Union to do what is necessary to preserve the financial stability in the euro area and to work together with our Greek partners and to work for reinforced European governance and today it was an important step in that direction. 00:00:24
00:02:20 Cutaway of the press 00:00:06
00:02:26 José Manuel Barroso and Herman Van Rompuy leaving 00:00:12
00:02:38 End 00:00:00
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