Economic Dialogue and exchange of views with Uroš ČUFER, Minister of Finance of Slovenia: - extracts EP Committee on Economic and Monetary Affairs

Type: News   Reference: 94376   Duration: 00:04:51  Lieu: European Parliament, Brussels
End production: 09/07/2013   First transmission: 09/07/2013
MEPs from the Committee on Economic and Monetary Affairs held an Economic Dialogue and exchange of views with Uroš ČUFER, Minister of Finance of Slovenia and discussed the state of the Slovenian economy and possible spill-overs on financial stability in the EU as a whole. The Slovenian economy continued to shrink in the first quarter this year when gross domestic product contracted 3.3% from the final three months of last year, and slipped 0.7% on the year, according to the national statistics bureau. In 2007 Slovenia was the first country in the region to adopt the euro. The Slovenian government expects a 2013 budget deficit of 4.9% of GDP, above the 3% EU rule.

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00:00:00 TITLE 00:00:05
00:00:05 Exterior shot of the European Parliament, Brussels 00:00:05
00:00:10 Arrival of Uroš ČUFER, Slovenian Finance Minister in the meeting room (3 shots) 00:00:19
00:00:29 SOUNDBITE (French) Jean-Paul GAUZÈS (EPP, FR) Can you please tell us in a more credible manner the way you are thinking to solve out the banking situation and the debt one ? 00:00:11
00:00:40 SOUNDBITE (English) Uroš ČUFER, Slovenian Finance Minister The idea is on one side to put in place a band bank, an institution that is now currently, 100% own by state. We have right, first, to recapitalize banks, second to buy assets from the banks, and the bonds issues by them and guaranteed by the state, all eventually will give a guarantee asset types that are of the banks. 00:00:34
00:01:14 SOUNDBITE (English) Uroš ČUFER, Slovenian Finance Minister Regarding pilot assets transfers, we have decided to a pilot transfer of the assets, in order to demonstrate that all the procedures in place for the bad banks is working normally and smoothly. So we can take one part of the assets showing that institution is there, that we can do all what is necessary for it, and than if a balk of assets will come , they can be managed normally. I still believe we will do part of these assets transfer soon. 00:00:31
00:01:45 SOUNDBITE (English) Wolf KLINZ (ALDE, DE) It's seems to me that the situation really is critical, and in some cases may be even alarming. When I've learned that you've start to privatize the companies that are still stated owned now, that means to me that you've lost 20 years. 00:00:20
00:02:05 SOUNDBITE (English) Uroš ČUFER, Slovenian Finance Minister You can not put everything on the market immediately. That one point. Second, we can start a very long debate that will not concluded to a normal decision , so we said, let's do it pragmatically. Let's pick a list of 5 companies ,and from this lists of 5, turn out to be 15. 00:00:23
00:02:28 SOUNDBITE (English) Sven GIEGOLD (Green EFA, DE) About your pension reform, I think its quite clear, you have a problem according to the figures, you did reforms, but what about the period after 2020? 00:00:11
00:02:39 SOUNDBITE (English) Uroš ČUFER, Slovenian Finance Minister There was a pension reform last year, which did bring some results, but there results were only partial. We know that we need to tackle this as well, i keep it in my mind as something we will do after we stabilize our economic activity. 00:00:15
00:02:54 Cutaways (6 shots) 00:00:20
00:03:14 END 00:01:34
00:04:48 Cutaway shot with the Committee Members 00:00:03
00:04:51 END 00:00:00
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