EUX.TV, the EU policy channel» Germany

Euro Monitor: Which countries are best placed to exit the crisis?

admin — Thu, 15 Mar 2012 20:12:46 +0000

The economic and financial crisis has revealed a number of weaknesses in the economic governance of the EU’s economic and monetary union. The EU and its Member States have taken a series of important decisions that will mean stronger• economic and budgetary coordination for the EU as a whole and for the euro area in particular. Thus, in May 2011, the Member States agreed to establish a rescue mechanism worth €750 billion to protect the euro from collapsing under the weight of accumulated debt. Invited contributors include: • Michael Heise, Chief Economist Allianz Mr. Heise presents the results from the recently published Allianz Euro Monitor. • Jürgen Kröger , Director DG ECFIN • Guntram Wolff, Deputy Director, Bruegel

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Improving competitiveness is key to EU growth, Merkel says

admin — Fri, 02 Mar 2012 03:13:54 +0000

German Chancellor Angela Merkel told journalists on Thursday that growth in the EU depends on improving competitiveness. If political leaders fail to make progress in competitiveness, growth, and employment, Europe will “experience distrust from the rest of the world”, she said.

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Raw Materials – Global and European Perspectives | EurActiv Workshop

admin — Wed, 08 Feb 2012 21:18:53 +0000

The 7 February 2012 EurActiv Stakeholder Workshop at the Conrad Hotel in Brussels discussed global and European perspectives on raw materials and resource efficiency. Speaking are Gerben-Jan Gerbrandy MEP for the Alliance of Liberals and Democrats for Europe from the Netherlands Jean-Louis Moray Director of Eurofer and Pascal Payet-GaspardSecretary-General of the International Stainless Steel Forum. Interviews by Raymond Frenken and Frederic Simon.

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David Cameron press conference in Brussels – 30 Jan. 2012

admin — Tue, 31 Jan 2012 06:46:15 +0000

Monday’s press conference in Brussels by British Prime Minister David Cameron.

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ECB chief says expects Eurozone budget deal will help Euro

admin — Tue, 31 Jan 2012 05:21:17 +0000

European Central Bank President Mario Draghi on Monday evening welcomed the agreement reached among leaders of 25 of the European Union member states on more stringent rules for government budgets of eurozone countries, saying he expect the agreement will support the euro.

Merkel confident on fiscal pact deal at EU summit

admin — Mon, 30 Jan 2012 22:40:09 +0000

Arriving at Monday’s European Summit in Brussels, German Chancellor Angela Merkel sounded confident on plans to create a new set of rules for budgets of the 27 EU member states. Addressing Greece, Merkel said it’s important that the EU finds ways to support Greece in getting its finances under control. A German plan to appoint a specific commissioner with budget authority over Greece should be seen in that light, she indicated.

Schulz says supports more stringent EU supervision of Greek spending

admin — Mon, 30 Jan 2012 22:24:27 +0000

Arriving at his first EU summit as President of the European Parliament on Monday, Martin Schulz told journalists that he supports plans for more stringent European supervision of Greek government funding, but indicated he is not completely comfortable with the semantics in this discussion. Media reports have suggested Germany will propose plans to appoint a specific EU budget commissioner whose task it will be to supervise Greek government spending.

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Barroso calls on EU countries to create youth jobs

admin — Tue, 20 Dec 2011 23:12:12 +0000

Against the backdrop of Europe’s persistent jobless youth rate of 21%, the Commission is pleading for Member States, workers’ representatives and business to join forces and take decisive action to tackle youth unemployment. The new ‘Youth Opportunities Initiative’, adopted by the Commission today, calls on Member State to work on preventing early school leaving; helping youngsters develop skills relevant to the labour market; ensuring work experience and on-the-job training and helping young people find a first good job. The Commission is also urging Member States to make better use of the European Social Fund which still has €30billion of funding uncommitted to projects. In addition, the Commission has put forward a set of concrete actions to be financed directly by EU funds.

Euro fiscal union will take ‘months and years’ to create, says Merkel (German)

admin — Wed, 14 Dec 2011 21:58:18 +0000

Angela Merkel, the German Chancellor, on Wednesday told the lower house of the German parliament that it could take Europe years to solve its debt crisis, as growing scepticism about the outcome of last week’s EU summit weighed on financial markets. In this speech to the German Bundestag, made available to media by the media service of the German parliament, Merkel defended the move for tighter budget policing in the 27-nation European Union and said that Europe and the eurozone would emerge stronger from the crisis. It was a “process that won’t just last weeks, but months and years,” the chancellor said. There will be “setbacks but if we don’t let ourselves be discouraged … Europe won’t just overcome the crisis, but will emerge from it strengthened,” Merkel said. European Union leaders from 26 of the 27 member states agreed at a high-stakes Brussels summit last week to back a Franco-German drive for tighter budget policing in a bid to save the eurozone.

Angela Merkel press conference, Brussels, December 2011 (English)

admin — Mon, 12 Dec 2011 15:35:49 +0000

Press conference by German Chancellor Angela Merkel after the December 2011 European Council meeting in Brussels, during which the UK exercised its veto right on a proposal for mandatory budget rules in all of the EU member states. Raw video, as made available to media by the European Council, of the group photo of the heads of state and government of the 27 member states of the union.

How many members does the European Union have now?

admin — Sat, 10 Dec 2011 15:27:38 +0000

EurActiv.com journalist Georgi Gotev asks Jerzy Buzek, President of the European Parliament, how many members there now are in the European Union after the United Kingdom signalled it’s not willing to support changes to the Lisbon Treaty on the day that Croatia signed up to EU membership.

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Angela Merkel arrives at EU Summit in Brussels

admin — Fri, 09 Dec 2011 02:23:06 +0000

Angela Merkel arrives at EU Summit in Brussels

Cameron: We will protect Britain’s interests

admin — Fri, 09 Dec 2011 01:54:20 +0000

Speaking to at the Council doorstep on Thursday, UK’s Prime Minister, David Cameron, said that eurozone’s stability is very important for both Europe and the United Kingdom. “We need to protects Britain’s interests, these are my aims and what we are going to talk about”, he said.

Martin Schulz: EU parliament broadly opposes EU treaty change

admin — Fri, 09 Dec 2011 00:04:45 +0000

In an interview with EurActiv.com Managing Editor Daniela Vincenti, Martin Schulz, set to become President of the European Parliament next year, said that all groups in the European Parliament are “against a treaty change”. The leader of the Socialists and Democrats group in the parliament said that one of his main tasks in his new role will be to guarantee the democratic transparency of the European Union.

MEPs discuss Franco-German partnership

admin — Wed, 16 Nov 2011 22:39:21 +0000

On Wednesday MEPs discuss the needs for a stronger EU economic governance with President of European Council, Herman Van Rompuy, President of the European Commission, Jose Manuel Barroso and President of the Euro group, Jean-Claude Juncker.

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Can the Euro survive this crisis? Dahrendorf Symposium, Berlin

admin — Fri, 11 Nov 2011 11:28:56 +0000

Prof. Henrik Enderlein (Hertie School) chaired a lively roundtable discussion at the 2011 Dahrendorf Symposium on the financial and Euro crisis. Mario Monti (former European Commissioner, University of Milano), Sylvie Goulard (Member of the European Parliament), Prof. Fritz W. Scharpf (Max-Planck-Institut für Gesellschaftsforschung) and John C. Stevens all brought their expertise to what proved to be a fruitful and thought-provoking exchange

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It’s official: Eurozone in double-dip recession

admin — Fri, 11 Nov 2011 08:32:40 +0000

European Commissioner Olli Rehn, responsible for financial and economic affairs, on Thursday confirmed that the European economy has entered into a double-dip scenario as a result of the souvereign debt crisis. Rehn warned that the eurozone could slip into “a deep and prolonged recession” next year as the debt crisis shows alarming signs of spinning out of control. As the political and economic crisis in Italy spurred fears of a split in the euro zone, the European commissioner for economic and monetary affairs Olli Rehn said: “Growth has stalled in Europe, and there is a risk of a new recession”.

He was speaking as the EU’s autumn economic forecast for next year said confidence had “sharply deteriorated” and was now adversely affecting investment and consumption.

Greece’s €8 bln bailout on hold, government set to collapse

admin — Fri, 04 Nov 2011 11:56:56 +0000

German Chancellor Angela Merkel and French President Nicolas Sarkozy delivered this message in conference in Cannes, where G20 leaders are meeting on Thursday and Friday.

Greek prime minister Papandreou was summoned to Cannes after his shock announcement that the Greek government plans to hold a referendum on the European plan to save his country from bankruptcy.
Papandreou said a referendum on the euro can take place as early as the 4th of December.
It remains very unclear if it will actually happen. If the Greek parliament on Friday rejects the plan for the vote, then Papandreou will be forced to step down as Prime Minister and new elections will have to be held.

G20 Cannes Group Photo (Raw Video)

admin — Fri, 04 Nov 2011 04:14:04 +0000

US President Barack Obama and German Chancellor Angela Merkel are among those at today’s G20 meeting in Cannes, France, posing for the traditional group photo. Raw video, made available to media by the European Council.

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Papandreou on need for Greek euro referendum

admin — Thu, 03 Nov 2011 18:14:23 +0000

Greece is with its back up against the wall after Germany and France on Wednesday evening told the Greek Prime Minister that his country will not receive EU bailout money until it decides on whether it wants to stay in the Eurozone or not. German Chancellor Angela Merkel and French President Nicolas Sarkozy delivered this message in conference in Cannes, where G20 leaders are meeting on Thursday and Friday. Greek prime minister Papandreou was summoned to Cannes after his shock announcement that the Greek government plans to hold a referendum on the European plan to save his country from bankruptcy. Papandreou said a referendum on the euro can take place as early as the 4th of December. It remains very unclear if it will actually happen. If the Greek parliament on Friday rejects the plan for the vote, then Papandreou will be forced to step down as Prime Minister and new elections will have to be held.

Greece’s €8 bln bailout on hold, government set to collapse

admin — Thu, 03 Nov 2011 17:15:33 +0000

Greece is with its back up against the wall after Germany and France on Wednesday evening told the Greek Prime Minister that his country will not receive eight billion euro in EU bailout money until it decides on whether it wants to stay in the Eurozone or not. German Chancellor Angela Merkel and French President Nicolas Sarkozy delivered this message in conference in Cannes, where G20 leaders are meeting on Thursday and Friday. Greek prime minister Papandreou was summoned to Cannes after his shock announcement that the Greek government plans to hold a referendum on the European plan to save his country from bankruptcy. Papandreou said a referendum on the euro can take place as early as the 4th of December. It remains very unclear if it will actually happen. If the Greek parliament on Friday rejects the plan for the vote, then Papandreou will be forced to step down as Prime Minister and new elections will have to be held.

Euro leaders agree on euro crisis deal

admin — Fri, 28 Oct 2011 21:04:25 +0000

After more than 7 hours of negotiations, on Thursday euro zone leaders managed to secure a deal with the bank sector of a 50% “haircut” on Greece’s sovereign debt. “The agreement includes a voluntary contribution by private creditors who had lent to Greece”, Van Rompuy said. The president of the European Council also stated that the objective of such loss is to reduce Greece’s debt by 120% of its GDP by 2020. A bank recapitalization of 106 millions has also been agreed on. French president, Nicolas Sarkozy, said in a press conference that the results come as a global “relief” for the “whole world”. “the whole world was expecting a decision that was strong from the eurozone”, said the French president.

Europe agrees on eurozone emergency deal

admin — Thu, 27 Oct 2011 10:24:40 +0000

After more than 7 hours of negotiations, European Commission president. Jose Manuel Barroso, and European Council president, Herman Van Rompuy, on Thursday at 4 am told journalists in a press conference that euro zone leaders have managed to secure a deal with the bank sector of a 50% “haircut” on Greece’s sovereign debt. “The agreement includes a voluntary contribution by private creditors who had lent to Greece”, Van Rompuy said. The president of the European Council also stated that the objective of such loss is to reduce Greece’s debt by 120% of its GDP by 2020. A bank recapitalization of 106 millions has also been agreed on. French president, Nicolas Sarkozy, said in a press conference that the results come as a global “relief” for the “whole world”. “the whole world was expecting a decision that was strong from the eurozone”, said the French president.

Euro leaders meet for financial crisis talks / Roundtable (Raw footage)

admin — Thu, 27 Oct 2011 02:03:57 +0000

Euro leaders met in Brussels on Wednesday to resume discussions on the euro crisis. The 27 heads of state are pursuing a decisive plan to bail out Greece and to avoid further contagion to other larger European economies, such as Italy or Spain.

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Finnish PM says avoiding contagion is priority

admin — Thu, 27 Oct 2011 00:07:05 +0000

Finland’s Prime Minister, Jyrki Katainen, on Wednesday told journalists waiting outside the European Council that recapitalization of bankcand strengthening the EFSF are the key points euro leaders need to agree on in order to avoid a possible contagious effect of sovereign debt crisis to other weaker economies such as Italy and Spain.