Extracts from the press conference by Joaquín Almunia on state aid decision

Type: Summary of press conference   Reference: I-074117   Duration: 10:03:23  Lieu:
End production: 25/07/2012   First transmission: 25/07/2012
On 25 July 2012, Joaquín Almunia, Vice-President of the EC in charge of Competition, gave a press conference at the European Commission in Brussels. On this occasion, he outlined several antitrust and State aid decisions adopted by the European Commission at its last weekly meeting before summer break. These extracts cover the following cases: Google, BayernLB and the sale of GBW AG Real Estate, Spanish recapitalisation scheme for credit institutions, and on Universal-EMI merger.

Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
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TIME DESCRIPTION DURATION
10:00:00 Title 00:00:05
10:00:05 General view of the press conference on Antitrust/State aid decisions, in presence of Joaquín Almunia, Vice-President of the EC in charge of Competition, at the European Commission, in Brussels 00:00:05
10:00:10 Soundbite by Joaquín Almunia (in ENGLISH) on possible settlement with Google: They have given to the European Commission sufficient explanations to proceed with technical meetings to explore the possibility of a settlement under Article 9. 00:00:13
10:00:23 Cutaway of press 00:00:04
10:00:28 Soundbite by Joaquín Almunia (in ENGLISH): Some other aspects of Google activity can be investigated also. The European Commission has not opened any other investigations yet, but it is not excluded that in the future other aspects of Google activity can also follow the path of the investigation we launched in 2010. 00:00:19
10:00:47 Cutaway of press 00:00:03
10:00:51 Soundbite by Joaquín Almunia (in ENGLISH) on Google mobile services: In this case, the apps' part of information that one can get from Google or other search engines are not covered by this investigation. This does not mean that the European Commission will not look into this, but in another investigation. 00:00:18
10:01:10 Cutaway of interpreters 00:00:04
10:01:15 Cutaway of press 00:00:04
10:01:19 Soundbite by Joaquín Almunia (in ENGLISH) on BayernLB bank: There is an agreement for a re-payment of 5 billion Euros of public aid in the next years. 00:00:18
10:01:37 Cutaway of press 00:00:04
10:01:41 Soundbite by Joaquín Almunia (in ENGLISH) on BayernLB and the sale of GBW AG Real Estate: The conditions are the general ones. This asset should be put on sale based on an open, transparent and non-discriminatory tender procedure. The bidder who should win this tender is the one offering the best price, regardless of name, origin, owner or any other condition. These are the rules and the Commission will stick to the rules. 00:00:33
10:02:14 Cutaway of press 00:00:03
10:02:18 Soundbite by Joaquín Almunia (in ENGLISH) on Spanish recapitalisation scheme for credit institutions: The European Commission will have more work with the Spanish banks. The European Commission has adopted today the recapitalisation scheme under the Memorandum of Understanding (MoU), particularly for the subscription of COCOs (contingent convertible bonds) by the banks that will belong to the so-called Group 3 in the MoU. The recapitalisation scheme also includes provisions for the possible use of the contingency fund created in the MoU. 00:00:34
10:02:53 Cutaway of press 00:00:04
10:02:57 Soundbite by Joaquín Almunia (in ENGLISH) on the Universal-EMI merger: The decision on the merger should be discussed internally, in consultation with the national advisory committees of the EU Member States. The final deadline for the Commission's decision on the proposed merger will take place before the end of September. 00:00:25
10:03:23 Cutaway of press 00:00:04
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