Extracts from the arrivals and doorsteps
Lieu: Brussels, Belgium - Council
End production: 04/03/2013 First transmission: 04/03/2013
A Eurogroup meeting takes place today in Brussels under Eurogroup President Jeroen Dijsselbloem, which will discuss, among other issues Cyprus new government and Latvia's appliance to enter the eurozone.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||SOUNDBITE by Jeroen Dijsselbloem, President of Eurogroup (In English) saying that: We are going to meet a new colleague from Cyprus first of all, there is a new government, then we can work with to find a solution for Cyprus and as I said before probably to reach an agreement in March and it is going to be an agreement which works on stabilisation both for Cyprus and for the Eurozone. I hope to be able to tell you more later.
||SOUNDBITE by Luis De Guindos, Spanish Minister of Economic Affairs and Competitiveness (In Spanish)
||SOUNDBITE by Pierre Moscovici, French Minister of Economy, Finance and Foreign Trade (In French) saying that: We are going to have an exchange of views on Cyprus, namely on money laundering and transparency. Along with Wolfgang Schaeuble we have welcomed the new Cypriot minister and we hope to launch good decisions. We do not expect any immediate decisions today.
||Jutta Pauliina Urpilainen, Finnish Minister for Finance
||Christine Lagarde, Managing director of the International Monetary Fund
||Frans Weekers, Dutch State Secretary for Finance
||SOUNDBITE by Frans Weekers (In English) saying that: I do not expect an agreement on Cyprus today, the aim is to get a package at the end of March.
Question of journalist: Will you discuss it this evening?
||SOUNDBITE by Michael Noonan, Irish Minister for Finance (In English) saying that: There will be a discussion over this series of meetings, I do not think the discussions will conclude, we see that in the context of what we have been doing for the last two years, improving our contacts, making sure that our colleagues understand the issues and are not pushing for a decision until we know it is of benefit to Ireland. This is what we followed when we got the original renegotiation in the next year, up to 2015 to resolve issues. We got changes in minimum wage that was being asked as well, we brought it back to the norm. Then in July of 2011 you remember the interest rate reductions, what is forgotten is we got an extension of maturities at the same time, they extended from 7,5 years to 12,5 years and that together with the interest rate reduction was worth 10 billion to Ireland. Then our negotiation with the promissory note even though it was unilateral followed the same pattern, making sure everybody knows our issues, making sure we have support and not pressing the issue until then. We followed the same pattern now and we think things are moving well.
||SOUNDBITE by Maria Fekter, Austrian Minister for Finance (In German) saying that: We are going to be briefed how far the new government of Cyprus has explained if the guidelines for money laundering have been adopted. There are constitutional questions from Cyprus concerning the control via a treating stand. We will be able to find a solution because we need to have all the data on the table in order to form a corresponding package.
||SOUNDBITE by Luc Frieden, Luxembourgish Minister for Finance (In English) saying that: I believe that sound public finances are the best place for sustainable growth so there is no contradiction between sound public finances and growth. Secondly I think that we have given our some rules regarding the strengthening of the stability and growth pact last year and we have to strictly apply the rules otherwise Europe is not credible. In the specific case of France but also of other countries we of course have to see what the assessment of the commission is and what are the reasons for not achieving the targets but let us not water down the procedures that we have decided in the recent past.
||Jürgen Ligi, Estonian Minister for Finance (2 shots)