Extracts from the EC Midday press briefing by Amadeu Altafaj, Spokesperson of Olli Rehn, on the position of the EC and the IMF concerning the Hungarian National Central Bank

Type: Summary of press conference   Reference: I-072018   Duration: 10:01:45  Lieu:
End production: 13/01/2012   First transmission: 13/01/2012
On 13 January 2012, during the EC Midday press briefing, Amadeu Altafaj, Spokesperson of Olli Rehn, Member of the EC in charge of Economic and Monetary Affairs, explained the position of the EC and the IMF concerning the Hungarian National Central Bank, following developments in 2011 related to the new Hungarian Constitution (the independence of the Hungarian Central Bank, and the measures concerning the appointment of judges and rules affecting the independence of news media), and the excessive deficit.

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TIME DESCRIPTION DURATION
10:00:00 Title 00:00:05
10:00:05 General view of the meeting room 00:00:05
10:00:10 Soundbite (in ENGLISH) by Amadeu Altafaj, Spokesperson of Olli Rehn, Member of the EC in charge of Economic and Monetary Affairs: Mr Rehn has been personally in touch with Christine Laguarde the last days, not only about Hungary because we have a lot of business together. I will refer you to the statement that the IMF has published. It's a statement that we fully share and there are different elements in this statement that you will find familiar in our communication especially when it comes to the necessary conditions, in order to start these discussions on a precautionary financial assistance programme. But for the rest, let's wait that Mr Rehn receives here in Brussels Mr Fellegi. 00:00:51
10:01:01 Cutaway of the audience 00:00:04
10:01:05 Soundbite (in ENGLISH) by Amadeu Altafaj: on the political and legal aspects of this, Mr Rehn said time and again that independence of the National Central Bank is a necessary pre-requisite. Having said that, you are rightly pointing at the deep legal analysis that is taking place. Of course we want to proceed on the basis of solid and legal grounds, and therefore we'll know more about this by next week hopefully. 00:00:40
10:01:45 Cutaway of the audience 00:00:07
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