European Council and Eurozone Summit, 23/10/2011

Type: Best-of   Reference: I-071401   Duration: 10:33:43  Lieu:
End production: 03/11/2011
On 23 October 2011, two summits took place in Brussels. First, the European Council discussed the economic policy, including the promotion of growth and employment, and preparations for the G20 Summit. After this meeting, the Eurozone Leaders debated the financial situation and governance of the euro area. At the European Council meeting, Heads of State or Government identified a number of priorities required for securing sustainable growth and job creation and discussed the sovereign debt crisis, economic governance and recapitalisation of banks. Strengthening of the single market, supporting the digital agenda and cutting red tape for businesses are necessary to boost the EU's growth potential and help pull Europe out of the crisis. The European Council also discussed ways to mobilise the EU's external policies to promote the growth agenda, including at the G20 Summit in Cannes at the beginning of November 2011. After the European Council, the Eurozone Heads of State or Government discussed the financial situation, including the strengthening of the banking system, economic and fiscal coordination and surveillance, and the governance structure of the euro area.

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TIME DESCRIPTION DURATION
10:00:00 Credits and title 00:00:20
10:00:20 1.ARRIVALS 00:19:24
10:00:20 Title 00:00:05
10:00:25 Arrival of Herman van Rompuy, President of the European Council (5 shots) 00:00:37
10:01:02 Arrival of Silvio Berlusconi, Italian Prime Minister (5 shots) 00:00:46
10:01:49 Arrival of José Manuel Barroso, President of the EC (4 shots) 00:00:33
10:02:23 Arrival of Jean-Claude Juncker, Prime Minister of Luxembourg, and President of the Eurogroup (7 shots) 00:00:37
10:03:00 Arrival of Mark Rutte, Dutch Prime Minister and soundbite (in DUTCH) on what has changed since the last Eurozone Summit of July 21st, saying that firstly, the Greek situation has further and dramatically deteriorated and secondly, the (credit) rates have evolved with consequences on the bail out and on the EFSF packages. Saying also that he will convince his colleagues at the European Council that a solution must be found now, in the short- and long-term, so that every one can return to his country with a reassuring message for the future destined to all citizens (5 shots) 00:01:05
10:04:05 Arrival of Jyrki Katainen, Finnish Prime Minister, and soundbite (in ENGLISH): The important thing is that we can get a common scheme for the recapitalisation of the banks and the capacity of the EFSF is a crucial point (3 shots) 00:00:21
10:04:27 Arrival of Valdis Dombrovskis, Latvian Prime Minister (4 shots) 00:00:32
10:04:59 Arrival of Yves Leterme, acting Belgian Prime Minister (5 shots) 00:00:27
10:05:27 Arrival of Iveta Radičová, Slovak Prime Minister (5 shots) 00:00:28
10:05:56 Arrival of Catherine Ashton, High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EC (5 shots) 00:00:24
10:06:21 Arrival of Petr Nečas, Czech Prime Minister (7 shots) 00:00:31
10:06:52 Arrival of Angela Merkel, German Federal Chancellor, and soundbite (in GERMAN) saying that first of all, they have a European Council, after the Heads of State or Government from Eurogroup will gather. It is important to confirm that today they prepare the decision for Wednesday. This is important because it is a technical and complicated process, for example they will talk about the functioning of EFSF. They will have to speak about all the details and they will not take a decision today but on Wednesday. She thinks that all of them know that they have to find a good agreement and right solutions. That is why they have to concentrate and hold an important discussion. So, the European summit with the 27 Members will, for example, discuss how to coordinate the Eurogroup, economic and financial issues in the future. They need more Europe; they need stronger rules and a treaty without taboo. That is why the 27 are gathering for the Summit followed by the Eurogroup for the preparation of Wednesday (5 shots) 00:01:51
10:08:43 Arrival of Dalia Grybauskaitė, President of Lithuania (5 shots) 00:00:27
10:09:11 Arrival of George Papandreou, Greek Prime Minister, and soundbite (in ENGLISH): Greece has proven again and again that we are making the necessary decisions to make our economy sustainable and make our economy more just. We are proud people, we are a proud nation. We demand respect of what we are doing. And we are doing what is needed. From our side, we are taking on responsibilities with great pain in order to make Greece a different country. But it has been proven now that the crisis is not a Greek crisis; the crisis is a European crisis. So now, it is the time that we, Europeans need to act decisively and effectively (7 shots) 00:01:16
10:10:28 Arrival of Demetris Christofias, President of Cyprus (5 shots) 00:00:29
10:10:58 Arrival of Nicolas Sarkozy, President of the French Republic (6 shots) 00:00:30
10:11:28 Arrival of Donald Tusk, Polish Prime Minister (7 shots) 00:00:33
10:12:02 Arrival of Helle Thorning-Schmidt, Danish Prime Minister (5 shots) 00:00:29
10:12:31 Arrival of Fredrik Reinfeldt, Swedish Prime Minister, and soundbite (in ENGLISH): I think we need a solution, of course, I am not sure we will have it today. We might have a new meeting in the middle of next week. We need a solution on how to control the situation in Greece. We need a solution to understand that this in fact will have an impact on the banking systems in Europe when we control that, when we recapitalise the banks, we need to take a clear standpoint that the losses should not be covered by the tax payers, by the owners and that we control management inside these financial institutions. We also need to ask again for more measures to put countries on the right tracks when it comes to clearing their huge deficit and public finances and their huge national debts (5 shots) 00:01:25
10:13:57 Arrival of Enda Kenny, Irish Prime Minister (5 shots) 00:00:23
10:14:20 Arrival of David Cameron, British Prime Minister, and soundbite (in ENGLISH): The crisis in the Eurozone is having an affect on all our economies, Britain included. It is having a chilling effect; we need to deal with this issue. So it is right to have a European Council and for the European Council to discuss this issue here in Brussels, today (3 shots) 00:00:34
10:14:55 Arrival of Borut Pahor, Slovenian Prime Minister (4 shots) 00:00:23
10:15:18 Arrival of Pedro Passos Coelho, Portuguese Prime Minister (5 shots) 00:00:26
10:15:45 Arrival of Boyko Borissov, Bulgarian Prime Minister (5 shots) 00:00:26
10:16:12 Arrival of Andrus Ansip, Estonian Prime Minister (5 shots) 00:00:24
10:16:36 Arrival of Werner Faymann, Austrian Federal Chancellor, and soundbite (in GERMAN) saying that he is here to discuss the Greek situation; they will also talk about the protection system with an important decision on the EFSF (4 shots) 00:00:34
10:17:10 Cutaway of press 00:00:01
10:17:12 Arrival of José Luis Rodríguez Zapatero, Spanish Prime Minister (5 shots) 00:00:29
10:17:42 Arrival of Lawrence Gonzi, Maltese Prime Minister (5 shots) 00:00:20
10:18:02 Arrival of Traian Băsescu, President of Romania (5 shots) 00:00:25
10:18:28 Arrival of Viktor Orbán, Hungarian Prime Minister (3 shots) 00:00:19
10:18:47 Arrival of Jerzy Buzek, President of the EP and soundbite (in ENGLISH): The most important is an urgent issue how to lowering the Greece's debt responsibility and also how to recapitalize European banks and both issues are integrated and united. And another important issue is how to use our European Financial Stability Facility to strengthen the countries in trouble from the Eurozone (5 shots) 00:00:57
10:19:44 2.EUROPEAN COUNCIL: ROUND TABLE 00:02:04
10:19:44 Title 00:00:05
10:19:49 José Manuel Barroso shaking hands with Lawrence Gonzi 00:00:12
10:20:02 José Manuel Barroso talking with Traian Băsescu 00:00:04
10:20:07 José Manuel Barroso 00:00:07
10:20:14 Arrival of Angela Merkel and shaking hands with Herman van Rompuy 00:00:06
10:20:21 Jean-Claude Juncker talking with Herman van Rompuy 00:00:06
10:20:27 General view of the round table 00:00:08
10:20:35 José Luis Rodríguez Zapatero and Enda Kenny 00:00:07
10:20:42 George Papandreou shaking hands with Dalia Grybauskaitė 00:00:03
10:20:46 Nicolas Sarkozy and Borut Pahor 00:00:05
10:20:51 Angela Merkel in the centre 00:00:05
10:20:56 General view of the round table 00:00:06
10:21:03 José Manuel Barroso, Nicolas Sarkozy and Enda Kenny 00:00:06
10:21:10 General views of the round table (2 shots) 00:00:11
10:21:22 Viktor Orbán and Yves Leterme 00:00:04
10:21:26 Catherine Ashton, Donbald Tusk and Herman van Rompuy 00:00:04
10:21:31 General view of the conference room 00:00:06
10:21:37 Catherine Ashton, Donbald Tusk, Herman van Rompuy and Jerzy Buzek 00:00:05
10:21:43 Borut Pahor and Pedro Passos Coelho 00:00:06
10:21:49 Title 00:00:00
10:21:49 3.EUROPEAN COUNCIL: GROUP PHOTO 00:01:27
10:21:54 Group photo, from left to right, in the 1st row: Jean-Claude Juncker, Silvio Berlusconi, Enda Kenny, José Manuel Barroso, Nicolas Sarkozy, Dalia Grybauskaitė, Donald Tusk, Herman van Rompuy, Demetris Christofias, Traian Băsescu, Jerzy Buzek, Helle Thorning-Schmidt, George Papandreou, Valdis Dombrovskis, Catherine Ashton and Uwe Corsepius, Secretary General of the Council of the EU, in the 2nd row: Viktor Orbán, Yves Leterme, José Luis Rodríguez Zapatero, Fredrik Reinfeldt, Petr Nečas, Borut Pahor, Pedro Passos Coelho, Angela Merkel, Jyrki Katainen, Werner Faymann, Boïko Borissov, Andrus Ansip, David Cameron, Lawrence Gonzi, Iveta Radičová, and Mark Rutte (7 shots) 00:01:22
10:23:17 4.EUROPEAN COUNCIL: PRESS CONFERENCE 00:04:12
10:23:17 Title 00:00:05
10:23:22 General view of the conference room 00:00:05
10:23:27 José Manuel Barroso and Herman van Rompuy at the press conference 00:00:03
10:23:31 Soundbite by José Manuel Barroso (in ENGLISH): I can tell you that this message was very well received, and I am happy with the Conclusions of the European Council that show ambition in this chapter: by using the full potential of the single market, by building a digital single market by 2015, by helping SMEs with venture capital and smart regulation, by fighting protectionisms and promoting trade liberalisation, and also by looking at some ways through investment to foster growth at European level. We will provide a list of specific proposals to be fast-tracked for adoption by the December European Council that will then be implemented hopefully swiftly. I believe, we can make this crisis an opportunity for renewal. 00:00:50
10:24:22 Cutaway of photographers 00:00:06
10:24:28 Soundbite by Herman van Rompuy (in ENGLISH): Coming now to the urgent matters of the day, the European Council discussed the situation of the banks. Everybody agrees we need a coordinated scheme to recapitalise the banks and to improve their funding. Yesterday the Finance Ministers made good progress on the issue. They will be able to finalise the details next Wednesday in the ECOFIN Council and in the subsequent meeting of the 27 leaders, which I have decided to convene on Wednesday evening. 00:00:32
10:25:01 José Manuel Barroso and Herman van Rompuy 00:00:05
10:25:06 Soundbite by José Manuel Barroso (in ENGLISH): So tonight, we will still have a lot of work, I think we should make significant progress on the comprehensive package. And I think, we are in a good situation to make progress so that we can finalize our work on Wednesday, namely with agreements on Greece, on banks, on leveraging the EFSF, and on governance. 00:00:24
10:25:31 Cutaway of press 00:00:05
10:25:37 Soundbite by Herman van Rompuy (in ENGLISH): We are confident that we will get an agreement on Wednesday. Otherwise, we would not take that decision on recapitalisation of the banks on Wednesday at the level of ECOFIN, and at the level of the newly scheduled meeting of the European Council. We are confident that we will decide upon those three or four issues on Wednesday and that is why we have foreseen it on our agenda. As far as the differences between France and Germany are concerned, I can ensure you, and the President of the Commission can testify, in the numerous meetings that we had last days and we had some in Frankfurt, in Brussels with the German Chancellor, with the French President and other participants, that we are working in a spirit of compromise, in a spirit of having an ambitious package to reassure the rest of the world of our determination to safeguard the financial stability of the Eurozone. 00:01:04
10:26:41 Cutaway of a photographer 00:00:05
10:26:47 Soundbite by José Manuel Barroso (in ENGLISH): Let me conclude also with a more general remark. In the last couple of days, a page of history has been turned both in Spain and Libya. The definitive end of the Gaddafi regime offers a new beginning for Libya. Also other positive developments in the so called Arab spring like the elections in Tunisia are in fact very good news. But also in our Union, the announcement of the end of armed conflict by the terrorist organisation ETA represents a victory for democracy in Spain. I believe these are really important historical developments. 00:00:36
10:27:23 Departure of José Manuel Barroso and Herman van Rompuy 00:00:06
10:27:30 5.EUROZONE SUMMIT: ARRIVALS 00:01:07
10:27:30 Title 00:00:05
10:27:35 Arrival of Jean-Claude Trichet, Former Managing Director of the International Monetary Fund (IMF) (5 shots) 00:00:34
10:28:09 Arrival of Christine Lagarde, Managing Director of the International Monetary Fund (IMF), and soundbite (in FRENCH) saying that she was very happy to work yesterday with her Former European Colleagues; she also said that they can only make progress if they work closely (3 shots) 00:00:28
10:28:37 6.EUROZONE SUMMIT: ROUND TABLE 00:02:45
10:28:37 Title 00:00:05
10:28:42 José Manuel Barroso and Yves Leterme 00:00:05
10:28:48 Arrival of George Papandreou 00:00:04
10:28:52 Angela Merkel and Christine Lagarde 00:00:05
10:28:58 Yves Leterme, José Manuel Barroso and Jean-Claude Trichet 00:00:04
10:29:03 Jeran-Claude Juncker and George Papandreou 00:00:06
10:29:09 Yves Leterme, José Manuel Barroso, Angela Merkel and Jean-Claude Trichet 00:00:05
10:29:15 George Papandreou 00:00:06
10:29:21 Jean-Claude Juncker and Herman van Rompuy 00:00:06
10:29:28 General view of the round table 00:00:08
10:29:36 Pedro Passos Coelho and Christine Lagarde 00:00:09
10:29:46 General view of the round table 00:00:05
10:29:51 Arrival of Silvio Berlusconi 00:00:09
10:30:00 Angela Merkel and Werner Faymann 00:00:07
10:30:07 George Papandreou (2 shots) 00:00:11
10:30:18 Mark Rutte 00:00:07
10:30:26 Borut Pahor and Jyrki Katainen 00:00:07
10:30:34 General view of the round table 00:00:08
10:30:42 José Luis Rodríguez Zapatero 00:00:06
10:30:49 José Luis Rodríguez Zapatero and José Manuel Barroso 00:00:09
10:30:59 Pedro Passos Coelho 00:00:07
10:31:06 Herman van Rompuy 00:00:07
10:31:13 General views of the round table (2 shots) 00:00:09
10:31:23 Title 00:00:00
10:31:23 7.EUROZONE SUMMIT: PRESS CONFERENCE 00:02:30
10:31:28 Herman van Rompuy and José Manuel Barroso at the press conference 00:00:04
10:31:32 Soundbite by Herman van Rompuy (in ENGLISH): Between now and Wednesday some members of the European Council will have to convince colleagues that their country implements the promised measures fully. Two, a sustainable solution for Greece: we welcome the vote by the Greek parliament on a new set of measures, as well as the decision by the Eurogroup to disburse the 6th tranche. We are working towards a solution with the private sector to improve sustainability as part of a new programme for Greece. 00:00:38
10:32:11 Cutaway of photographers 00:00:06
10:32:17 Soundbite by José Manuel Barroso (in ENGLISH): As you know, we have made clear that we need a comprehensive solution. This morning we discussed growth, and now we have discussed in the Euro Area Summit the other four most important issues. Greece: we have agreement to disburse the European contribution to the next tranche of financial assistance worth 8 million. A decisive commitment is now needed from the Greek authorities to see through the fiscal consolidation and structural reforms, and we are working on a second programme for Greece that will ensure a long term sustainability of its economy through a credible mix of public and private sector involvement. 00:00:40
10:32:57 Cutaway of press 00:00:05
10:33:02 Soundbite by José Manuel Barroso (in ENGLISH): Heads of State or government of all Member States are now drawing from the recent crisis that we really need to complete our monetary union with the economic union, to have more integration, more discipline also more convergence, and that was a former qualitative point of view, I think a very good discussion today, and preparing decisions that I hope will be taken in 72 hours from now. 00:00:28
10:33:31 Cutaway of the audience 00:00:12
10:33:43 Copyright 00:00:10
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