Olli REHN, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, receives Andris VILKS, Latvian Finance Minister: roundtable and extracts from the joint press briefing

Type: NEWS   Référence: 93565   Durée: 00:03:01   Première transmission: 05/03/2013  Lieu: Brussels, Belgium - EC/Berlaymont
Fin de production: 05/03/2013
On 5 March, Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, and Andris Vilks, Latvian Finance Minister, held a press point after their meeting. Andris Vilks handed over to Olli Rehn his country's formal request for a convergence report in view of Latvia adopting the Euro in January 2014. Afterwards, the Commission and the EU Central Bank will make an assessment on the Latvia's readiness to joint the euro zone. The conclusion should be presented by next May. On his side Andris Vilks underlined that: 'It is very important for Latvia to have the Euro. It should be one very important instrument for our growth and economy and for investment attraction'. Based on EU Commission's report, a final decision from the Ecofin and the Eurogroup should be expected by next July.

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HEURE DESCRIPTION DUREE
00:00:00 Title 00:00:05
00:00:05 Exterior of the EU Commission building 00:00:05
00:00:10 Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs, shaking hands with Andris Vilks, Latvian Finance Minister 00:00:11
00:00:21 Roundtable with Olli Rehn and Andris Vilks (4 shots) 00:00:22
00:00:43 General view of press conference 00:00:00
00:00:43 Andris Vilks handed over to Olli Rehn his country's formal request for a convergence report in view of Latvia adopting the Euro in January 2014 00:00:11
00:00:54 SOUNDBITE (English) Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs: Vilks, the Finance minister of Latvia, has just handed me his country's formal request for a convergence report in view of Latvia aim at adopting the Euro on the 1st of January 2014. In line with requirement of the treaty, the Commission and the EU Central Bank will perform an objective assessment on Latvia's readiness to joint the euro zone. And we will present the conclusion of our assessment in Spring, by late May, early June. 00:00:47
00:01:41 Cutaway of a photographer 00:00:06
00:01:47 SOUNDBITE (English) Olli Rehn: Latvia's decision to request entry to the Euro area shows how much progress the country has made in getting its economy back on track following the economical crisis of 2008 and 2009. 00:00:17
00:02:04 SOUNDBITE (English) Andris Vilks, Latvian Finance Minister: It is very important for us to have the Euro. It should be one very important instrument for our growth and economy and for investment attraction; it is very important, even for the Euro zone. It could be a very strong valued added in the Eurozone. 00:00:27
00:02:31 SOUNDBITE (English) Olli Rehn: In June and July, we could expect that the euro group and Ecofin can take a decision of course, based on the report of the Commission and the ECB. 00:00:24
00:02:55 General view of press point 00:00:06
00:03:01 End 00:00:00
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