Story title ECOFIN Council - December 2012
Story description

The ECOFIN Council takes place on 12 December 2012, in Brussels.

Video title Departure and doorstep FR (Moscovici)
Video description

Departure and doorstep by Pierre MOSCOVICI, Minister of Economy, Finance and Foreign Trade of France, following the ECOFIN Council on 12 December 2012, in Brussels.

Reference 98032 Video infos Mpg4 / PAL - 16:9 Duration 00:01:38 Type News package
Shooting date 12-12-2012 Country Belgium Town Brussels    
TC Thumbnail Description
00:00:01

SOUNDBITE (English) Pierre MOSCOVICI, Minister of Economy, Finance and Foreign Trade of France

It is a good agreement, we have a good banking supervision and the full responsibility of the ECVB and a threshold of 30 billion euros, a threshold that France defended, and the fact that the ECB is capable of giving instructions for groups or categories of banks and can also pick up the situation of any bank. It is an integrated system, a pragmatic one, we found an agreement in order to articulate the powers of the council of governors and the supervisory mechanism and also to respect the role of the countries in and out of the EBA. Everybody is satisfied, it is a huge progress and an important step for Europe.

Keywords : Moscovici | single supervisory mechanism Duration : 00:01:03

00:01:04

SOUNDBITE (English) Pierre MOSCOVICI, Minister of Economy, Finance and Foreign Trade of France

It took so long because small and big countries, in and out countries expressed their preoccupations, but it was a work done always in a good spirit.

Duration : 00:00:20

00:01:24

SOUNDBITE (English) Pierre MOSCOVICI, Minister of Economy, Finance and Foreign Trade of France

It is the first step, but a very important step, maybe the most difficult to do, the impetus is given.

Duration : 00:00:13

00:01:37

END

Duration : 00:00:00