Extracts from the arrivals and doorsteps
Lieu: Council , Lex building, Brussels
End production: 13/12/2012 First transmission: 13/12/2012
The Eurogroup usually meets the evening before the full meeting of the ECOFIN Council. It also meets in the context of the bi-annual Informal meetings of Ministers of economy and finance and Central Bank Governors.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||SOUNDBITE by Jean-Claude Juncker, President of the Eurogroup (In German) saying that: We are going to reach to today a final decision on Greece, it would lead to a safer step for Greece and will its deal with its financing.
The decision on the banking union is very important because it provides additional guarantees for depositors and the banks' clients and for the banks themselves. I have not had the opportunity to read through the agreement in detail even though I was in constant contact with the Finance minsiter during the night, it seems to be in order, if that is the case we have still to see.
||SOUNDBITE by Vasos Shiarly, Cyprus, Minister of Finance (In English) saying that: (On the agreement for a Single Supervisory Mechanism, SSM): As you saw, wuth a lot of patience and persistence, we managed together an agrement, although it took a quite of hours, but we did it. I am sure we will do the same at the Eurogroup, a number of issues, and I am sure with persistence and good work and hard work we will get there.
||SOUNDBITE by Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro (In English) saying that: Today's decision on the Greek package will remove the clouds that are hanging over Greece; it will reinforce confidence and last night's decision on the single supervisory mechanism for Euro area banks is a breakthrough towards a true banking union which is significant and crucial in order to restore and reinforce confidence into the European economy so we are making very good progress for the moment and very few would have thought a year ago that we would have taken so important decisions in term of reinforcing the banking union and removing doubts about Greece.
||SOUNDBITE by Maria Fekter, Austrian Federal Minister for Finance (In German) saying that: Yesterday the structure of this new European supervision was secured. In addition everyone has understood who is concerned and in which ways cooperatation is possible between euro and non-euro countries. This was a good compromise because we do not want more fragmentation in Europe, we are a union of 27.
||SOUNDBITE by Luis De Guindo,Spanish Minister of Economic Affairs and Competitiveness (In Spanish)
||SOUNDBITE by Steven Vanackere, Belgian Deputy Prime Minister and Minister of Finance and Sustainable Development (In Dutch)
||SOUNDBITE by Pierre Moscovici, Minister of Economy, Finance and Foreign Trade (In French) saying that: This morning decision is really good news. Step by step, the Euro area and the EU are moving away from the crisis which they suffer from for 4 years. We are going to find a solution concerning Greece and we have established a growth pact and an integrated supervisory mechanism for banks has been put in place controlled by the ECB and this will allow us to to fight the causes of the financial crisis at its roots.