EP Conference of Presidents open to all Members:
- closing debate with Angela MERKEL, German Chancellor
Lieu: Brussels, Belgium - European Parliament
End production: 07/11/2012 First transmission: 07/11/2012
German Chancellor Angela Merkel paid an official visit today to the European Parliament in Brussels. Her official visit to the European Parliament takes place less than two weeks before the special summit on the EU multiannual financial framework for 2014-2020. German Chancellor Angela Merkel addressed the European Parliament to discuss the future of the European Union and solutions to the current financial and economic crisis.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Exterior shot of the EP, Brussels
||SOUNDBITE (English) Guy VERHOFSTADT (ALDE, BE): "What I am saying to you, creating a mutualisation of the debt, all the debt above 16%, and make it in that way, that all these countries that will participate are obliged to reduce their public debt. so it is strengthening fiscal discipline, we know it. And the 'Sachverständigen Rat' (German advisory board on economic matters) is saying it is lower interest rates for countries like Spain and Italy, so that we can recover. So that is my question to you: Why not doing that? Because in an intelligent way we could solve this crisis on a short term! And I can tell you one thing, Ms Merkel. This Parliament has taken a position on this: we are negotiating with the Council on the 'two pack', and the position of the Parliament is: there is no agreement if there is no redemption fund inside the new package".
||SOUNDBITE (German) Angela MERKEL, German Chancellor: "To Mr Verhoftstadt, on the debt redemption fund, apart from the fact that we don't have a European legal basis and we need to have at least a Treaty change, but this doesn't help us in the current situation. None of the countries with great indebtedness has a chance to pay back their debts, on the contrary, these countries must try to get down their high deficits and I don't think that's a good response. And if you say 'there is no 'two pack' if we do not agree to the debt fund', that isn't a good message if we are trying to find a compromise, but I have noted it".
||SOUNDBITE (German) Martin SCHULZ (EP President): "You said something important: the European Parliament is an important partner in anything that happens at European level, as it gives democratic legitimacy to the European matters. Thank you for that statement and I would like to hear that being reflected in the European Council, and I hope you would influence things in that way".
||Applause, end of the meeting, departure of Ms MERKEL (2 shots)
||Ms MERKEL leaving the European Parliament (2 shots)