Eurogroup meeting: extracts from the arrivals and doorsteps

Type: News   Reference: 89496   Duration: 00:04:58  Lieu: Brussels, Belgium - Council
End production: 12/11/2012   First transmission: 12/11/2012
On 12 November, Eurogroup Finance Ministers will discuss Athens' next bailout tranche on the basis of the new Troika report about Greece's reform efforts. The long-awaited report by the so-called troika of creditors - the European Commission, the European Central Bank and the International Monetary Fund - is a precondition for ministers to consider granting Athens the 31.5-billion-euro (40-billion-dollar) aid instalment. At their arrival, Euro area Finance Ministers underlined strong efforts made by Greece and said they were positive ahead of the talks. The report came after the Greek parliament approved a 2013 budget late Sunday that introduced additional spending cuts and tax hikes due to come into force over the next two years. The budget, which comes hot on the heels of separate budget-cutting measures approved in the southern European state, forecasts around 9.5 billion euros in spending cuts and tax hikes next year.

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TIME DESCRIPTION DURATION
00:00:00 Title 00:00:05
00:00:05 SOUNDBITE (in Dutch) Jeroen Dijsselbloem, Dutch Minister for Finance: We will listen to the Troika report today and we will see what we will decide. 00:00:06
00:00:11 SOUNDBITE (in English) Jutta Urpilainen, Finnish Minister for Finance: First we need a careful assessment form Greece whether Greece is on track after the decisions made by the Greek Parliament. And of course, the debt sustainable report is very important. So we are waiting for more information today because unfortunately we haven't got all the information, not yet. So we are waiting for more information and then we can see whether we are able to make this decision today or later this week. 00:00:38
00:00:49 Pierre Moscovici, French Minister for Finance, Economic Affairs and Industry, arriving 00:00:03
00:00:52 SOUNDBITE (in English) Pierre Moscovici: I think what is important is that if I am here today as a French Minister fro Economy and Finance, is to try to move toward a political agreement, I think Greece deserves that the Greek people deserve that. They made very courageous efforts, now we have to listen to that, take our own responsibility and be in a very positive attitude. 00:00:27
00:01:19 Wolfgang Schäuble, German Federal Minister for Finance, saying that: I heard on TV today journalists saying that today no decision was expected. I am not convinced of this; we still have to listen to the report of Greece. Before taking any decision, the issue has to be presented to the Bundestag. We know our responsibilities. 00:00:35
00:01:54 SOUNDBITE (in English) Christine Lagarde, IMF President: Greece has done a lot of work and has showed some real resolves. So it is now for the creditors to do the same and certainly the IMF will as always play its part and we are ion not only for a quick fix but a real fix. 00:00:28
00:02:22 Vittorio Grilli, Italian Minister of Economy and Finance 00:00:07
00:02:29 SOUNDBITE (in English) Michael Noonan, Irish Minister for Finance: Greece has made steady progress, this week two very important piece of legislation have gone through. A lot of earlier legislations were the prior conditions necessary for a renewal of the bailout. So they seem to be fulfilling all the conditions that they were being asked to fulfil. So I hope things will go well for them. But as I said colleagues don't expect e decision tonight but we will have to see. 00:00:34
00:03:03 Maria Fekter, Federal Minister for Finance of Austria 00:00:04
00:03:07 SOUNDBITE (in German) Maria Fekter saying that: We will listen to the Troika's report. We will assess the Greek situation regarding their earlier objectives. We know that they ask for more time but more time means more money. 00:00:32
00:03:39 Luis de Guindos Jurado, Minister of Economy and Competitiveness of Spain, arriving 00:00:04
00:03:43 SOUNDBITE (in Spanish) Luis de Guindos Jurado saying that: We live in a country where there is now a very complex social situation, from the point of view of the evictions. The government is quite sensitive and all, all social forces have to try to make an effort for the most vulnerable families, families who are struggling as a result of the crisis and are now in impossible situations from the social point of view because of loss of housing. 00:00:34
00:04:17 SOUNDBITE (in English) Luc Frieden, Minister for Finance of Luxembourg: On the basis on that analyse, we will take a decision on further steps but I think we have done quite a long way together with Greece, we should also go the next step with Greece. 00:00:10
00:04:27 Steven Vanackere, Minister for Finance of Belgium 00:00:10
00:04:37 SOUNDBITE (in English) Steven Vanackere: We will listen to Troika report which seems to be positive on Greece's reform efforts. But we still need to discuss it 00:00:21
00:04:58 End 00:00:00
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