EU-Kommissionspräsident Baroso bei Quest in CNN Marketplace Europe: “We are in a decisive moment”

by mnockerl on 13. Oktober 2011

CNN International startet heute neu um 20.45 Uhr die Wirtschaftssendung CNN Marketplace Europe, die sich künftig immer donnerstags um 20:45 Uhr mit der Entwicklung der europäischen Wirtschaft auseinandersetzt. Moderiert wird die Sendung von CNN Business Anchor Richard Quest mit Unterstützung von CNN Wirtschaftskorrespondentin Juliet Mann. Der Sender hat dem Blick Log als Teaser etwas Material vorab zur Verfügung gestellt, das wir hier gern weitergeben, weil es aktuellen Bezug hat und in diesen Blog passt. Das sind Auszüge aus einem Interview mit EU-Kommissionspräsident José Manuel Barroso und ein Interview mit dem Generalsekretär der OECD, Angel Gurria.

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(Foto: CNN International)

Richard Quest interview with President of the European Commission, José Manuel Barroso

RICHARD QUEST: Do you ever just want to say to the European Prime Minister – I mean, I’ve interviewed you many times Mr Barroso, but the one thing I’ve always wanted to ask you is, do you ever just want to say to the European Prime Ministers ‘get your act together, the old Nike phrase ‘just do it’?

JOSÉ MANUEL BARROSO: I’ve said it. I’m saying it sometimes.. just some days ago in the European parliament in the State of Union address I made it extremely clear that we are in a decisive moment. Either we act together in a decisive way or we face the risk of fragmentation .I believe it will not happen. I believe the forces of integration in Europe are much stronger than any problems of fragmentation but it’s the message I’ve been consistently conveying to the leaders of the governments of Europe ‘put your act together, we need to do more together, and its urgent that we do it now.’

RICHARD QUEST: So you would accept, until now, whatever leadership has been given has not been sufficient.

JOSE MANUEL BARROSO: Not suff…it’s obvious it’s not enough. The problem is that the problem is not yet solved. And that’s why we need to have a coherent consistent comprehensive response to this crisis. It’s – it’s to some extent it’s a process of learning, let’s face it, this is the first time we’ve had such a crisis, we have the common currency —

RICHARD QUEST: which was set up too quickly and perhaps not in the correct way

JOSE MANUEL BARROSO — But not with all the instruments to assume the responsibilities of the current currency. I said it very clearly in my state of union address to European parliament some days ago. We have a common currency and want to keep it but we were missing some of the elements to make it credible and we are now putting them in place. We are creating funds, one of 440 billion Euros – it’s a lot of money – that we have been creating also in the process of learning , of adjusting. No one wants to replace Europe and European Union as a project. In fact if you look at debate here in Europe it’s already going to make it deeper, the integration, how can you make it work better, how can you enforce the economic governance. No one is proposing, “Lets get out of Europe”. On the contrary, some countries want to join the Euro. So this is the exact dimension of the crisis. I’m not being complacent with it I follow it every day and night I can tell you, but in fact I am fully confident that we are going to overcome this because Europe is – with all its problems – probably one of the best places in the world to be.

RICHARD QUEST: How are we going to overcome it? This is your vision – how are going to overcome it when the biggest project is smouldering in ashes?

JOSE MANUEL BARROSO Look it is not, the European Union is stronger. We have the biggest internal market in the world. We are the first trade block in the world. Our average quality of life is, if not the best in the world, among the best in the world. So there are problems that we are facing them, in fact, in a way we are now making under pressure what probably should have been done before in terms of some economic reforms, for more competitiveness in Europe so with all these problems Europe is able to face the current challenges and will remain a very important partner

 

Juliet Mann interview with Secretary-General of the OECD, Angel Gurria

CNN Marketplace Europe, 13 October 2011

Juliet Mann: So how are we going to dig ourselves out of this pit full of debt?

Gurria: First you deal with the immediate problems, the debt issue is critical you have to deal with that…

Juliet Mann: How?

Gurria: Because it is creating an erosion of confidence, and you deal with that first of all by ring fencing the countries that have a problem and by not allowing the contagion to spread and you deal with that by giving the market assurances that there’s enough firepower, this awesome firepower in the hand of the European countries, the IMF etcetera that you can deal with the problem, and then you also announce and start practicing medium and long term goals that are ambitious but that are consistent

Juliet Mann: You used to be a finance minister yourself, surely if all the European finance ministers in a room you’d want to give them a shake, look them in the eyes and say ‘come on guys, it’s time to let Greece and let the Euro go’

Gurria: No I would not recommend that they let Greece go, or the Euro go, I think the euro is going to be alright, I think there are going to be more countries joining the Euro, the Euro is going to continue to be the largest single trading block, the fact that one country in the Euro, Greece in this particular case, has a debt problem does not mean the euro is going to go to waste…

Juliet Mann: It’s not just one country with a debt problem though…

Gurria: Let me tell you, there’s one, there’s one country with a crisis, there are two other problems, two other countries that have problems

Juliet Mann – And a few waiting in the wings…

Gurria – And a few that have large debt issues to deal with, which are now doing something about them.

Juliet Man – Where is the growth going to come from?

Gurria – The growth is going to come because we ran out of room, from low interest rates and spending more public money, it’s going to come from structural policies, its going to come from more competition, from more education, from more innovation, from green growth, from R&D, from releasing the universities so that they can do better, you know what they know best, so this is what is going to produce the growth in the future, this is going to underpin the growth in the future, you can no longer get out of the recession by spending money, public money, and you can no longer get out of the recession by driving interest rates to zero.

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