Eurogroup Council: arrivals and round table

Type: Report   Reference: I-047243   Duration: 00:19:49  Lieu: Brussels - Council/Justus Lipsius
End production: 17/01/2005
Ministers for Economic and Financial Affairs gathered for the Eurogroup meeting under the chairmanship of Jean-Claude Juncker, Luxembourgish Prime Minister and President of the Eurogroup. The European Commission was represented by José Manuel Barroso, President of the EC, and by Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs. As President of the Eurogroup since January 1st, Jean-Claude Juncker presented the priorities of the Luxembourg Presidency and then undertook the traditional analysis of the Euro-zone and international economic situation, as well as the European currency's international role. Ministers also exchanged views on the current updated stability programmes of Germany, France and Greece. Ministers also discussed various options for reforming the Stability and Growth Pact. Jean-Claude Juncker has already ruled out the possibility that certain categories of spending could be exempt from the 3% deficit rule, although several European governments, such as the German, the British, the Italian and the French, have hopes for it. At this stage, the Presidency seeks to reconcile the Member States' positions, the aim being to arrive at an agreement on modifications to the application of Pact provisions by the March 7-8 Finance Council.

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
00:17:14 Title 00:00:04
00:17:19 Arrival of Jean-Claude Trichet, President of the ECB 00:00:09
00:17:28 Statement by Karl-Heinz Grasser, Austrian Federal Minister for Finance, (in GERMAN) on the reform of the Stability and Growth Pact; on the need to find a solution that would be transparent and balanced and that would stick to the 3% of GDP rule 00:00:31
00:17:59 Arrival of Hervé Gaymard, French Minister for Economy, Finance and Industry 00:00:05
00:18:04 Arrival of Domenico Siniscalco, Italian Minister for Economy and Finance 00:00:04
00:18:08 Arrival of Hans Eichel, German Federal Minister for Finance 00:00:04
00:18:12 Statement by Didier Reynders, Belgian Minister for Finance, (in ENGLISH) on the reform of the Stability and Growth Pact: first of all we must stick to the rule of 3% of GDP. If it is possible to stick to it while paying more attention to other kind of expenditures at the same time, why not? But we need to stick to the rules. 00:00:29
00:18:41 Arrival of José Manuel Barroso, President of the EC 00:00:03
00:18:44 Arrival of Gerrit Zalm, Dutch Minister for Finance 00:00:06
00:18:50 Handshake between Domenico Siniscalco and Pedro Solbes Mira, Spanish Minister for Economy and Finance 00:00:09
00:18:59 Jean-Claude Juncker, , President in office of the Council and President of the Eurogroup 00:00:07
00:19:06 José Manuel Barroso, Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, and Domenico Siniscalco; handshake between José Manuel Barroso and Gerrit Zalm 00:00:10
00:19:16 Didier Reynders and Jean-Claude Trichet 00:00:06
00:19:22 Pedro Solbes Mira and Jean-Claude Juncker 00:00:05
00:19:27 Handshake between José Manuel Barroso and Hans Eichel 00:00:06
00:19:33 Didier Reynders, Lucas Papademos, Vice-President of the ECB, and Jean-Claude Trichet, and pan to Joaquín Almunia and José Manuel Barroso 00:00:08
00:19:41 Domenico Siniscalco 00:00:05
00:19:46 Hervé Gaymard 00:00:03
00:19:49 General views (2 shots) 00:00:07
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