Economic Dialogue with Giannis STOURNARAS, Greek Minister of Finance and Ioannis VROUTSIS, Greek Minister of Labour, Social Security and Welfare:
Première transmission: 13/11/2012
Brussels, Belgium - European Parliament
Fin de production: 13/11/2012
- extracts from the debate
Joint EP Committees Employment and Social Affairs and EP Committee on Economic and Monetary Affairs
MEPs debated with Greek finance minister Giannis Stournaras and Greek labour minister Ioannis Vroutsis on the economic and social crisis in Greece as part of MEPs' ongoing economic dialogue with EU governments, Economics and employment on Tuesday at the premises of the European Parliament in Brussels.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Exterior shot of the European Parliament, Brussels, Belgium (1 shot)
||Interior, Atmospheric shots before the exchange of views starts, (2 shots), start of the meeting, (1 shot)
|| "The effort of the government in the last previous month has been tremendous, if can say this, I think that if one takes into account the adjustment already achieved in 2010 I can say that in peace time no other democracy has achieved so much in such a short period of time."
||SOUNDBITE (English): Giannis STOURNARAS, Greek Minister of Finance: "We plan to complete the adjustment with the remaining 1/3 remaining distance towards the end of the road. Our message to the Greek people is that sacrifices have not been lost, we are now close to the end."
||SOUNDBITE (Greek): Ioannis VROUTSIS, Greek Minister of Labour, Social Security and Welfare:
"We have done our best, but with 25% unemployment rate, so will you understand what will be the problems of this process on the fiscal level and at other levels too. After we introduced the new measures there were hug lay offs, so what we want to do is to ask the Troika for a mechanism which will ensure guaranties which will avoid damage resulting from the large number of lay offs, that we have seen in the country and now we have a new mechanism which protects Greek workers, up to 85 percent of workers, so the large majority of workers aren't actually fired."
SOUNDBITE (English): Giannis STOURNARAS, Greek Minister of Finance:
"We need deposits to come back, as you know due to the fear that Greece might leave the Euro a lot of the deposits have gone away out of the Greek banking system, so it is the return of the deposits which will determine mostly if a Greek banks can provide the liquidity to firm and individuals. It is true that after the new government to cover about 1/3 of the deposits that have flown out have come back and they are continue doing so, so the full restoration of credibility and removal of the fear that Greece might leave the Euro is the one single parameter that will help increase liquidity in the Greece economy."
||SOUNDBITE (English): Giannis STOURNARAS, Greek Minister of Finance: "We need your support to advertise what we have done so far, what Greek people have sacrificed so far, it is true we have made mistakes, but we are not the Single ones. The Euro has many problems of architecture; Greece is not the problem of the Euro despite the fact that many people try to make Greece an alibi for many other mistakes."
||SOUNDBITE (English): Giannis STOURNARAS, Greek Minister of Finance: "To have higher growth in Greece at least, a country which has no liquidity, first of all, as soon as possible on the 20th of November we must at last have a decision for the next dispersement."
||SOUNDBITE (English): Giannis STOURNARAS, Greek Minister of Finance: "I'm not afraid that we are loosing control of assets, the State is not a good entrepreneur and if the State wants actually to be efficient in perusing the public good then it needs to have very good regulators"
||cut away shots, (7 shots)