Eurogroup meeting: extracts from the arrivals and doorstep

Type: News   Reference: 92583   Duration: 00:05:51  Lieu: Brussels, Belgium - EC/Berlaymont
End production: 11/02/2013   First transmission: 11/02/2013
On 11 Febrary the Eurogroup met to discuss about Cyprus situation, the Single Supervisory Mechanism and the economic situation in general. The Eurogroup is not due to adopt conclusions in this session.

Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
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TIME DESCRIPTION DURATION
00:00:00 Title 00:00:05
00:00:05 Arrival and SOUNDBITE (in English) by Jeroen Dijsselbloem, President of the Eurogroup: We are going to try make some progress today but as you know the elections coming up later this month in Cyprus and we are looking forward to reach a decision in March. 00:00:18
00:00:23 Arrival and SOUNDBITE (in French) by of Pierre Moscivici: We have the important subjects as the economic situation because we are in a situation where Europe has a weak growth, we'll discuss about the deficit and support to the growth. We'll also continue our work on the banking union with the possibility to recapitalise directly the banks through the ESM. 00:00:39
00:01:02 Arrival of Jörg Asmussen, Member of the Executive Board, European Central Bank 00:00:06
00:01:08 Arrival of Christine Lagarde, Managing Director of the International Monetary Fund 00:00:19
00:01:27 Christine Lagarde shaking hands with Wolfgang Schäuble, German Minister for Finance 00:00:00
00:01:27 Arrival and SOUNDBITE (in Dutch) by Frans Weekers, State Secretary for Finance of the Netherlands 00:00:36
00:02:03 Arrival of Mario Draghi, President of the European Central Bank (ECB) 00:00:08
00:02:11 Arrival and SOUNDBITE (in English) by Michael Noonan, Irish Minister for Finance: I will be reaffirming that the commitments made on the 29th of June by the heads of state and government meeting will have to be fulfilled, in other words that the sovereign debt and the banking debt will have to be separated and that they will be an assessment of Ireland's sustainability in regard to its debt burden. We will keep the agenda going but I know as well that the policy position is particularly annunciated by the German authorities is that the Single Supervisory Mechanism will have to be in place and functioning before any possibility of direct recapitalization for the banks through the ESM arises. What we will be doing today is participating in the discussion, making sure that Ireland's interests are protected. 00:01:09
00:03:20 Arrival and SOUNDBITE ( in English) by Vassos Shiarly, Cypriot Minister for Finance: We had made progress until now and I hope we will make progress this time as well. As you know we have agreed a MoU some time ago, we have done everything that was requested to us, we proceeded with the implementations of a lot of the provisions of the MoU, we have legislated everything, completing the legislation before Christmas so I believe that we are well positioned to have further progress. 00:00:35
00:03:55 Arrival and SOUNDBITE (in German) by Maria Fekter, Austrian Minister for Finance: We are going to discuss about the economic situation. I think there is a structural weakness in the markets and this is not good. We are in a situation to broker, not our best, but not the worst. That is why all the fuss around the euro is not justified because we have been much worse than now. We need to see others do before the G20 countries and we'll see then. 00:01:02
00:04:57 Arrival of Janez Šušteršič, Slovenian Minister for Finance 00:00:06
00:05:03 Arrival of Luis De Guindos Jurado, Spanish Minister for Economic Affairs and Competitiveness 00:00:15
00:05:18 SOUNDBITE (in Luxembourgish ) by Luc Frieden, Minister for Finance of Luxembourg: We have to see how to help the banks. We have to evaluate all possibilities. Cyprus also have to tell us its impressions, especially now with the upcoming elections. 00:00:33
00:05:51 END 00:00:00
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