Extracts from the arrivals and doorsteps
Lieu: Brussels, Belgium - Council
End production: 26/11/2012 First transmission: 26/11/2012
The Eurgroup will mainly focus on trying to reach a solution on the question of the payment of the Greece tranches.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Jean-Claude Juncker, President of the Eurogroup (2 shots)
||Vasos Shiarly, Cyprus Minister of Finance (2 shots)
||Vittorio Umberto Grilli, Italian Minister of Economy and Finance (2 shots)
||SOUNDBITE by Luis De Guindos, Spanish Minister of Economic Affairs and Competitiveness (In Spanish) saying that: I think today we have advanced further in the measures to alleviate the Greek debt level and I think it would be very important to reach agreement. Not only for Greece, which has done its part, but also for the entire Monetary Union. That is where we must all be, is a basic element when it comes to building trust and of course Spain will do everything possible to reach such agreement, from technical and political point of view. The important thing now is to pass a clear political message of support and support to the adjustment and reform plan for Greece and that actually all Member States still want that Greece will remain in the Monetary Union.
||Luis De Guindos
||SOUNDBITE by Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro (In English) saying that: It is essential that we take the decision on the disbursement of the next tranche in order to end the anwser that is still hanging over. I want to encourage all Euroarea members and the IMF to go the last mile in order to find an agreement, in fact go the last centimeter because we are so close to an agreement. Greece has delivered, it is now delivery time for the Eurorgoup and the IMF.
||Jeroen Dijsselbloem, Dutch Minister for Finance (2 shots)
||SOUNDBITE by Maria Fekter, Austrian Federal Minister for Finance (In German) saying that: We have a really serious will to reach an agreement, concerning on the one hand the financing, on the other hand regarding the plans about the sustainability of the Greek debt. There will be more talks with the IMF and we could decide today about the disbursement of the next tranche. Greece has worked very hard and implemented all prior actions, so we have to try hard to reach a common solution.
||Arrival and SOUNDBITE by Christine Laguarde, Managing director of the International Monetary Fund (In French) saying that: We are going to work on a solution that will be credible for Greece, we are going to work with great attention for a solution for Greece.
||Jürgen Ligli, Estonian Minister for Finance (2 shots)
||Arrival and SOUNDBITE by Giannis Stournaras, Greek Minister for Finance (In English) saying that: As you know Greece has fully delivered its part to the agreement, so we expect our partners to deliver their part and I am sure we will find a mutually beneficial solution today.
||SOUNDBITE by Pierre Moscovici, French Minister for Finance and Foreign Trade (In French) saying that: Greece has taken its compromises, the approval of the programme by its Parliament is credible, its efforts are serious. Today, the Europeans should take its compromises. This is our third meeting in three weeks, we had a call conference last Saturday, all the elements for a solution are on the table, I hope that we get conclusions today, that the meeting is not long. If everyone is responsible, everyone knows that it must do. We have 85% of a possible agreement, so we should go ahead and to reach an agreement for Greece and to ensure the sustainability of Greeks.
||SOUNDBITE by Luc Frieden, Luxembourgish Minister for finance (In German) saying that: We need a solution and I share Mrs. Lagarde's view for a credible solution. We have a political goal, which is Greece to have sustainable debt by 2020 and to have the IMF with us in this effort. With such a political goal, we need to find a solution from a mix of different elements we have been discussing during last weeks.
||SOUNDBITE by Michael Noonan, Irish Minister for Finance (In English) saying that: There was a teleconference on Saturday which we all participated and quite a lot of ground was made towards an agreement. I assume that there were discussions with the IMF over the week-end but I don't know that for fact. I have been hoping that this it will conclude satisfactory this evening but you know the way these things work, you can't be absolutely certain but certainly the ground has narrowed.
||Tonio Fenech, Maltese Minister for Finance, Economy and Investment
||Mario Dragui, President of the European Central Bank
||Jutta Pauliina Urpilainen, Finnish Minister for Finance (2 shots)
||SOUNDBITE by Wolfgang Schaüble, German Federal Minister for Finance (In German) saying that: During our last Eurorgroup meeting two weeks ago, all minsters have said that because of the legal situation in each country, it would be not possible to do a cut on the debt, if we must provide new guarantees at the same time. So it should not be presented as a German problem, it is not, the way we have constructed the stability mechanism does not allow for for debt cuts and the ECB has the same position on this. We are going to find a solution, I am confident, we have worked well , I hope we will not have to stay until late in the morning, we are ready for a decision and I believe it will happen.