Meeting between José Manuel Barroso and Angela Merkel, German Federal Chancellor: joint press statement

Type: Complete press conference   Reference: I-073576   Duration: 10:05:25  Lieu:
End production: 04/06/2012   First transmission: 04/06/2012
On 4 June 2012, José Manuel Barroso, President of the EC, paid a visit to Angela Merkel, German Federal Chancellor, in Berlin, Germany. Following their meeting, the Officials held a joint press conference.

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TIME DESCRIPTION DURATION
10:00:00 Joint arrival of Angela Merkel, German Federal Chancellor, and José Manuel Barroso, President of the EC, at the press conference 00:00:17
10:00:17 Soundbite by Angela Merkel (in GERMAN) saying that this meeting aims at preparing the next Council, end of June, and especially to discuss two main topics, the first one being how to bring together budget consolidation and growth which they consider as 2 elements of the same mechanism; saying that she would like to express her gratitude to the Commission for the really countries-specific communication it has issued as regards the fiscal six-pack, saying that on this basis they will be able to better discuss specific growth to be set for each individual state; saying that they will also discuss about the role of the new financial projection; saying that secondly they will discuss about the mid- to long-term tasks and the working methods, reminding that as she has repeatedly said in the past, they need more Europe within the Euro Area and not less, meaning that the European institutions and in this case the EC will need more leverage to be able to control, as the fiscal six-pack is a first step but not the final solution, they will also discuss how to set system banks under specific European surveillance and in this matter national state will play an important role, all these are mid-term solutions but this will show the world what their vision of the shift from political union to monetary union really is. 00:02:17
10:02:34 Soundbite by José Manuel Barroso (in ENGLISH): First of all let me thank Chancellor Merkel for this opportunity to discuss and prepare the next European Council. We in the European Commission we believe that to achieve growth we need sound public finances - that is why fiscal consolidation is indispensable. We need competitiveness - that is why structural reforms are indispensable - and we also need some targeted investment. And it is around these lines that we are going to propose some initiatives for growth. We have to make a distinction between what we can do in the short term and in the medium to longer term. We believe that for the longer term it is very important to give already now some signals to the citizens and to all the investors worldwide that we will do whatever is necessary to ensure the stability of our currency. That is why we need to speak about the future of our Union trying to complete in fact with an economic union the monetary union. That is why the Commission in this debate will be for a structured and ambitious approach that may include what we can call a banking union; some elements of this banking union will be more integrated financial supervision and also more integrated deposit guarantees. And I think it is important to have this long term vision about more Europe. As Chancellor Merkel just said this perspective of the future is also important. So we have to make this distinction between the immediate tasks for growth and the medium term tasks also for growth and stability. We need both. It is impossible to have growth without stability and to have stability without some measures for growth. I believe in this area we need to do things faster and we need to go further, and precisely I come here to discuss these matters with Chancellor Merkel. And once again I want to thank her because of Germany's commitment to a strong European Union including by the way the vision of a political union. But it is now evident that also for the stability of the Euro we need some concrete measures regarding the Euro area and the European Union in general. 00:02:40
10:05:15 Departure of José Manuel Barroso and Angela Merkel 00:00:10
10:05:25 Cutaways of press (7 shots) 00:00:39
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