General Affairs Council: extracts from the press conference
Lieu: Brussels, Belgium - Council/Justus Lipsius
End production: 24/09/2012 First transmission: 24/09/2012
The Council discussed a revised negotiating box for the EU's multiannual financial framework 2014-2020.
The Council also discussed a draft annotated agenda for the October meeting of the European Council. It also held an exchange of views on the lessons learned from the European Semester process.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Arrival of the speakers
||SOUNDBITE (in English) by Andreas Mavroyiannis, Cypriot Deputy Minister to the President for European Affairs: All Member States accepted the revised negotiating boxes in basis for further work and perhaps more importantly delegations are really committed to reach an agreement at the European Council in November.
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||SOUNDBITE (in English) by Andreas Mavroyiannis: We believe that savings should be achieved by tackle reductions in all headings in also in all elements outside the MFF. The waiting of the reductions amongst different headings should tough be based on certain principles and the Presidency clearly outlined them.
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||SOUNDBITE (in English) by Maroš Šefčovič, Vice President in charge of Inter-Institutional Relations and Administration: The Commission put on the table very important proposals on Single Supervisor Mechanism (SSM) but also the proposals on bank capitals requirements on deposit guarantees. It would be very good and very important if we can progress on all of them. I was trying also to present the impression of my colleague Michel Barnier who have the informal discussion with the finance ministers in Nicosia. He doesn't see any of the objections or problems insolvable. We clearly got the mandate from the European Council to finalise the proposal on the SSM by the end of this year. Is very important for Europe, is very important for the Euro and we just simply should do it and we at the Commission are really convinced that is doable and we should focus our minds and get the progress going on and tackle all the outstanding issues in a way that we would have the SSM approved by the end of the year.
||Cutaway of the audience