Participation of José Manuel Barroso to the Enlarged EPP Summit in Vienna: extracts from the press conference
On 20 June 2013, José Manuel Barroso, President of the EC, went to Vienna where he met with Michael Spindelegger, Austrian Federal Vice-Chancellor and Minister for European and International Affairs. They participated together in the European People's Party (EPP) Summit. This video shows extracts of EPP press conference.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||General views of the press conference (2 shots)
||Soundbite by José Manuel Barroso, President of the EC (in ENGLISH): We are proposing the front loading of the youth employment initiative making available in 2014 and 2015, the entire amount of the 6 billion Euros, normally meant to be spread on the 7 years period. And we are also proposing the reinforcement of actions team that will give technical assistance to Member Sates with the highest level of youth employment. Member States must also play their part by presenting the youth guarantee implementation's plan by autumn.
||Cutaway of the audience
||Soundbite by José Manuel Barroso (in ENGLISH): The European Commission, together with the European Investment Bank adopted a report with proposals for this increase of financing to the SME's. How? We accept to put part of the structural funds that we have for the next period as seed capital that can be completed with a part of the structural funds that Member States have in their national envelop and that can be leveraged and leverage the loans given by the EIB . And the EIB working also in cooperation with the National Investment Banks can make these findings available to SME's. Because as you know, there are critical problems in term of financing to SME's across Europe.
||Cutaway of press
||Soundbite by José Manuel Barroso (in ENGLISH): Because if you have SME's that are ready to invest, they will be able to employ more people including young people. So this shows that our response to the crisis is a systemic comprehensive one. It is not, only about fiscal prudence but we are also highlighting the need for reforms for competitiveness and the need for targeted investment. Europe needs growth and to have growth, we also need some investment and that is why we are putting forward this proposal.
||Cutaway of journalists
||Departure of José Manuel Barroso