Eurogroup meeting: extracts from the arrivals and doorsteps

Type: News   Reference: i-080339   Duration: 00:06:11  Lieu: Brussels, Belgium - Council / Justus Lipsius
End production: 08/07/2013   First transmission: 08/07/2013
The Eurogroup met on Monday 8 July in Brussels. Ministers of Finances are expected to discuss about the next bailout tranche at Monday's meeting and they are going to meet Portugal's new finance minister.

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TIME DESCRIPTION DURATION
00:00:00 Title 00:00:00
00:00:00 Arrival of José Manuel Barroso, EC President 00:00:11
00:00:11 Arrival of Mario Draghi, President of the European Central Bank 00:00:15
00:00:26 Arrival of Fabrizio Saccomanni, Italian Minister for Economic Affairs and Finance 00:00:10
00:00:36 Arrival and SOUNDBITE (In English) by Michael Noonan, Minister for Finance of Ireland: There is a new minister coming from Portugal but she is not a stranger, she has been on the working group for a long time and has been accompanying Victor Gaspar for the last couple of years, Maria Luís Albuquerque is very much accross the issues so I do not think she will have any problem about fitting in, she has been in a lot meetings for the last couple of years. 00:00:31
00:01:07 SOUNDBITE (German) Wolfgang Schäuble, Federal Minister for Finance of Germany: The troika report was just finalized yesterday, we will study it carefully and have a debate on it. We know that the situation in Greece is not simple, there have beens several difficulties in Greece during all these years, they have made considerable progress during these last months, I am confident we will be able to move forward with this difficult but successful way for Greece. 00:00:33
00:01:40 Arrival and SOUNDBITE (in German) by Luc Frieden, Minister for Finance of Luxembourg: We are in a process of arrangements with Greece, if we receive proof that Greece has fulfilled all conditions then they will get their money. 00:00:20
00:02:00 Arrival and SOUNDBITE (in German) by Maria Fekter, Austrian Minister for Finance: I am convinced that Greece will fulfill the necessary conditions, we will get a report of the programme's inefficiencies so far, I am in favour of giving the money in July and not carry the matter into the summer. 00:00:33
00:02:33 Arrival and SOUNDBITE (in Dutch) by Frans Weekers, State Secretary for Finance of the Netherlands: We made some agreements with Greece and in my opinion all the parties have to deliver what is agreed, if Greece delivers what it has promised, the Eurogroup and the IMF also have to deliver what they have promised. 00:00:30
00:03:03 Arrival and SOUNDBITE (in French) by Pierre Moscovici, French Minister for Economic Affairs and Finance: Today we are going to discuss the 3rd programme review of Greece. This morning we already had a meeting on it with the IMF, the European Commission and the ECB (Troika). Which gave encouraging results. We will enter a discussion on the basis of a technical agreement. Clearly there are progress to be done, specifically on the administration level. We have requested Greece to take the necessary measures, but I think that the basis for a political agreement is there and if the Troika confirms this positive impression, to what concerns me, I would plea that this agreement could take place today, so that we can proceed until the end of the month to the disbursement 00:00:45
00:03:48 Arrival and SOUNDBITE (in Spanish) by Luis De Guindos Jurado, Spanish Minister for Economic Affairs and Competitiveness: Today we'll see the third report of the ECB, the Commission and the IMF regarding the banking assistance for Spain. This is a positive report saying that the Spanish banking sector does not need more capital. There is a reference on the rule of Andalucia that is negative for the banking sector. But the most important today is the third report, the last one, before the end of the financial assistance programme for Spain 00:00:56
00:04:44 Arrival of Christine Lagarde, Managing Director of the International Monetary Fund 00:00:05
00:04:49 Arrival of Ioannis Stournaras, Greek Minister for Finance 00:00:08
00:04:57 Arrival and SOUNDBITE (in English) by Charis Georgiades, Cypriot Minister for Finance: We look forward to the first review which is coming later on this month, we are doing good progress and I do not really think there has been criticism, on the contrary it was noted that Cyprus has already implemented some very hard but necessary decisions, this is how we will proceed, practical difficulties and side-effects arising from the implementation of the programme, especially when it comes to the banking sector will be dealt with in a collaborative way together with our partners. 00:00:51
00:05:48 Arrival of Jutta Urpilainen, Finnish Deputy Prime Minister and Minister for Finance 00:00:23
00:06:11 END 00:00:00
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