Visit of Pedro Passos Coelho, Portuguese Prime Minister, to José Manuel Barroso: extracts from the joint press briefing
Type: Press conference - summary
Brussels - EC/Berlaymont
On 6 November 2013, the College of the EC received a delegation of the Portuguese government, led by Pedro Passos Coelho, Portuguese Prime Minister. Discussions focused on the Portuguese adjustment programme and the deepening of the Economic and Monetary Union. The EU's industrial policy and the competitiveness agenda, as well as the next EU budget, were also on the table.
This video shows extracts of the press briefing given by Pedro Passos Coelho and José Manuel Barroso, President of the EC, following their meeting.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Exterior views of the Berlaymont building in Brussels (2 shots)
||Joint arrival of Pedro Passos Coelho, Portuguese Prime Minister, and José Manuel Barroso, President of the EC, at the press briefing
||Soundbite by José Manuel Barroso (in PORTUGUESE) saying that Portugal will have some 20 billion Euros, 19.6 billion Euros for investment in Portugal. Portugal was able to negotiate well this amount and the Commission looked to help Portugal as they helped other Member States. The particular situation of Portugal has been taken into account in paying out the structural funds amount with co-financing and pre-financing rates that are more favourable. At their meeting today they looked at how the Commission can help Portugal so that the 20 billion Euros be properly used to strengthen competitiveness in Portugal. The Portuguese government is preparing to set up a development bank and he thinks this will be formally approved very soon. This grant will be used for loans to companies for the real economy so there will be a recycling of the financing available. This is a mechanism that has worked out in other Member States.
||Soundbite by Pedro Passos Coelho (in PORTUGUESE) saying that as regards the adjustment program the Portuguese government wanted to highlight points that come from the 8 and 9 evaluation of the implementation of the adjustment program. It is their ambition to within the timetable meet the program without additional aid. They want to conclude the program, attaining the different objectives, so that they can get back to the market.
||Cutaway of the audience
||Soundbite by Pedro Passos Coelho (in PORTUGUESE) saying that they have adjusted the private sector and they have been successful at doing that, they have structurally changed the Portuguese economy and they have had results and seen the last decades so they therefore do not to import as much as they do and their trade balance is better.
||Handshake and departure of Pedro Passos Coelho and José Manuel Barroso