Newsroom

Story title Extraordinary Eurogroup meeting - March 2013
Story description

The Extraordinary Eurogroup meeting takes place on 24 March 2013, in Brussels.

Video title Arrival and doorstep LU (Frieden)
Video description

Arrival and doorstep by Luc FRIEDEN, Minister for Finance of Luxembourg, before the Extraordinary Eurogroup meeting, on 24 March 2013 in Brussels.

Reference 98951 Video infos Mpg4 / PAL - 16:9 Duration 00:05:17 Type News package
Shooting date 24-03-2013 Country Belgium Town Brussels    
TC Thumbnail Description
00:00:00

Arrival of Luc FRIEDEN, Minister for Finance of Luxembourg

Keywords : Frieden Duration : 00:00:11

00:00:11

SOUNDBITE (German) Luc FRIEDEN, Minister for Finance of Luxembourg

We have to find a solution together, it is important both for Cyprus and us because it is about much more that Cyprus alone, it is about the stability in Eurozone. We have to find a solution and everyone must make his contribution.

Keywords : Cyprus Duration : 00:00:18

00:00:29

SOUNDBITE (German) Luc FRIEDEN, Minister for Finance of Luxembourg

We must assure stability, we must think very well what this stability is about. As in the case of Greece and other countries, there has to be a contribution by the country that is going to be helped, this is why we have to hear our Cypriot colleagues first.

Duration : 00:00:34

00:01:03

SOUNDBITE (German) Luc FRIEDEN, Minister for Finance of Luxembourg

I think we have lost a lot of time in between, but I understand the problems that Cyprus faces. It is not about tactics, we need the confirmation by the parliament in Nicosia, but we have also our own parliament. It is very difficult to find a solution, the situation is very serious, but I repeat that we need a solution tonight because it is about stability in the whole Eurozone.

Duration : 00:00:42

00:01:45

SOUNDBITE (German) Luc FRIEDEN, Minister for Finance of Luxembourg

The sums in question have not changed during last week.

Duration : 00:00:14

00:01:59

SOUNDBITE (French) Luc FRIEDEN, Minister for Finance of Luxembourg

I believe we must succeed today because the issue is not only Cyprus, but stability of the whole of Eurozone and this is why we must make every effort to achieve the rescue, as we did with other countries. The solution for Cyprus will affect seriously the other countries of the Eurozone.

Duration : 00:00:38

00:02:37

SOUNDBITE (French) Luc FRIEDEN, Minister for Finance of Luxembourg

We must find a solution tonight during the night, tomorrow it is public holiday in Cyprus but if we decide the measures, some will have to go to their national parliaments. So I believe we gather today with genuine will to find a solution for Cyprus and the whole of Europe.

Duration : 00:00:31

00:03:08

SOUNDBITE (French) Luc FRIEDEN, Minister for Finance of Luxembourg

We are obliged to reach an agreement tonight, because it is not only about saving Cyprus, but assuring stability in the Eurozone. Failing to do so would be bad for the stability that has just been achieved for the last few months and I believe everyone must make an efforts tonight to reach an agreement.

Duration : 00:00:28

00:03:36

SOUNDBITE (French) Luc FRIEDEN, Minister for Finance of Luxembourg

Every country need a banking sector, the banking sector in Cyprus will change considerably. There is a bank that will have great difficulty to survive and will probably be dismantled, but the other banks have to survive, we have to make sure that depositors will be reimbursed in the maximum possible extent. It is about maintaining trust in the banking sector of Cyprus but also of the whole of Europe.

Duration : 00:00:59

00:04:35

SOUNDBITE (English) Luc FRIEDEN, Minister for Finance of Luxembourg

This is European law, if the bank does not exist any more, 100.000 euros are always protected. We cannot and we will not touch upon this European legislation.

Duration : 00:00:41

00:05:16

END

Duration : 00:00:01