Eurogroup meeting: all arrivals and doorsteps

Type: News   Reference: 83321   Duration: 00:30:33  Lieu: Brussels, Belgium - EC
End production: 20/02/2012   First transmission: 20/02/2012
On 20 February, Eurozone Ministers are expected to approve the new rescue package for Greece. But European Finance ministers gathered in Brussels still have a few last issues to discuss over, such as tighter controls over Greece's spending and further cuts to the country's debt load. Greece needs to secure the 130 billion Euros bailout quickly so it can move ahead with a related 100 billion euros debt relief deal with private investors, which needs to be in place quickly if Athens is to avoid a disorderly default on a bond repayment on March 20.

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TIME DESCRIPTION DURATION
00:00:00 Title 00:00:05
00:00:05 SOUNDBITE (in English) Jean-Claude Juncker, Eurogroup president, Luxembourg Prime Minister: It is the intention of nobody to have Greece outside the Euroarea. It would be a bad solution for Greece. And it would be a bad situation for the euro area. 00:00:15
00:00:20 Philippe De Buck, Director General of Businesseurope 00:00:10
00:00:30 Christos Patsalides, Permanent Secretary for Finance of Cyprus 00:00:08
00:00:38 Mario Draghi, ECB President 00:00:03
00:00:41 SOUNDBITE (in French) Christine Lagarde, IMF President: Greece made some efforts. So, we need to continue the work and the other parties have also to give all the elements. So the IMF will take part to it and continue to work. 00:00:28
00:01:09 Maria Fekter, Austrian Minister for Finance 00:00:05
00:01:14 SOUNDBITE (in English) Evangelos Venizelos, Greek Minister for Finance: We are here, ready to conclude the process on the Greek program and also we are ready to initiate the official procedure on the PSI. I am optimistic but in any case we need a clear political approval from the Eurogroup. 00:00:35
00:01:49 Wolfgang Schäuble, German Federal Minister for Finance 00:00:07
00:01:56 SOUNDBITE (in English) Wolfgang Schäuble saying that: We are going to take a decision on the new program for Greece. We still need do speak about the details, the private part of the aid, the sustainability of Greek debt (bring the debt ratio to 120% by 2020) the monitoring of reforms' implementation in the country. 00:00:30
00:02:26 François Baroin, French Minister for Finance, Economic Affairs and Industry 00:00:09
00:02:35 SOUNDBITE (in French) François Baroin saying that: We are here to answer the last quetions and we are here to take an agreement. 00:00:07
00:02:42 Ivan Mikloš, Slovak Minister for Finance 00:00:08
00:02:50 SOUNDBITE (in German) Luc Frieden, Luxembourg Minister for Finance, saying that: We have to recieve a report from the troika on progress made by Greece, we have to discuss it as well as the private sector's contribution. 00:00:18
00:03:08 Lucas Papademos, Greek Prime Minister 00:00:03
00:03:11 Steven Vanackere, Minister for Finance 00:00:04
00:03:15 Tonio Fenech, Maltese Minister for Economy and Finance 00:00:08
00:03:23 Jan Kees de Jager, Dutch Minister for Finance, saying that: We have to listen to the Troika report on Greece. And we have to get serious guarantee on the measures' implementation in Greece. 00:00:35
00:03:58 Luis de Guindos Jurado, Minister of Economy and Competitiveness of Spain 00:00:06
00:04:04 SOUNDBITE (in English) Bryan Hayes, Minister of State for Public Service of Ireland: And ultimately we have got to come to a situation of stability. I think we spoke recently about 2012 being the year for growth, stability, investment and jobs. And that is the key issue we have got to drive within the European Union, we have to get back to the growth agenda. 00:00:14
00:04:18 Mario Draghi, ECB President 00:00:05
00:04:23 Olli Rehn, Member of the EC in charge of Economic and Monetary Affairs: This decision is one corner stone of our more comprehensive strategy to overcome the crisis with actions in several areas. Now, as we have this decision, I trust, tonight, we can then, to end a page, a corner and move from stabilization towards boosting sustainable growth and job creation because that is what is needed in Europe now. 00:00:32
00:04:55 end 00:25:38
00:30:33 Jan Kees de Jager, Dutch Minister for Finance 00:00:00
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