Extracts from the press conference by Herman VAN ROMPUY, President of the European Council, and Helle THORNING-SCHMIDT, Danish Prime Minister, following their meeting in Copenhagen:
Lieu: Copenhagen, Denmark
End production: 09/01/2012 First transmission: 09/01/2012
On 9 January, Herman Van Rompuy, President of the European Council, and Helle Thorning-Schmidt, Danish Prime Minister held a press conference following their meeting in Copenhagen.
They highlighted that financial stability is precondition for economic growth and for job creation in order to avoid recession. They discussed the programm of the upcoming EU summit scheduled on 30th January. It will be dedicated to anti-recession strategy and particularly to growth and employment.
Herman Van Rompuy stressed the importance of fiscal consolidation but it should not hamper growth oriented investments such as energy infrastructure, research and innovation, education and training.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Arrival of Herman Van Rompuy, President of the European Council and Helle Thorning-Schmidt, Danish Prime Minister
||SOUNDBITE (in English) Herman Van Rompuy: Moreover, financial stability is not an end in itself. It is a necessary precondition for economic growth and for job creation. This brings me to the second key objective for the months ahead of us: restoring economic growth. We must avoid recession. We need to mobilize all our energy for this at the level of the union and most importantly at the level of the Member States. I convinced an informal summit on the 30th of January. At that meeting, we will discuss our anti-recession strategy. It needs to be broad, it need to be effective.
||Cutaway of cameraman
||SOUNDBITE (in English) Helle Thorning-Schmidt: I just want to had that one of the discussion we had today was our summit of the 30th of January, this is a summit where we will try to discuss the fiscal compact which all the Member States will be discussing the 26 Member States are involved to discuss it, UK as an observer. But we also want to add to this a discussion on growth and employment.
||Cutaway of cameraman
||SOUNDBITE (in English) Herman Van Rompuy; First, avoid to the extend possibility that budget cost can affect drivers for growth. Fiscal consolidation is necessary but if should not hamper structural economic growth. Growth oriented investments should be preserved, things of energy infrastructure, research and innovation, education and training. Second guiding principle: enhance growth by strengthening supply and by stimulating demand.
||General view of conference room
||Speakers leaving the room