Reuters - Video

EDITION: U.S. | U.K. | IN

Video

Euro Zone 2014: Beat populists with growth – Eurogroup chief

Thursday, Feb 13, 2014 - 04:00

Feb. 13 - Delivering growth and fixing the banks are key tools in countering the rise of extremist parties in May’s European elections, says Eurogroup president Jeroen Dijsselbloem.

▲ Hide Transcript

View Transcript

Going into elected to the elections and by just telling him telling me yes vote is what we're going to do instead of showing some results very tricky. The results that we can show and hopefully hopefully it will become even stronger growth for the next couple of months have to do with the economy the economic growth picking up. Unemployment turning around in some countries investments picking up consumer trust strengthening people around the Euro -- And finally of course I think it's very important that we finalized the banking union. That's crucial to show two coaches that we on dealing with the financial sector. Which has cost us a lot economically. But also in terms of budgets and and debt for countries. So we have to show. The coaches that we will put the banks right so they will support the economy and otherwise and set a getaway around. And -- two of the 55 billion -- fond -- resulting banks and to Arizona's tough enough for a start too little component to the size of the banking sector. Only have to realize that the fund is right at the end of the approach to banks some people think. At the we will put. Front. Put the funds right at the front of the money will be easily accessible for banks. But it wasn't the approach is that banks will have to shape up have more capital on -- some -- We will strengthen the supervision strong independent supervisor. Looking making sure that the banks take no -- possible risks. If there is still. Banks get into trouble we will apply -- in other words. Losses will have to be taken also buying investors have put that money in the banks. Only if these three today is off of our approach don't doesn't work. Then some banks will at the end of this process still -- money from the fund but it'll be an exception of the very very exceptional. The three layers of the buffaloes -- supervision and the Palin will be very strong. And protects the banks but also protect the taxpayers. And therefore I think 55 billion will be certainly will be enough. To deliver on both her growth and opened the eurozone. Food. -- economies need reforms. Because there -- -- that eurozone government covenants to new laws that we have can be linked. To prevent abuse link between for instance with the production of and the budget deficits. Reforms. So. Certain incentives. From the eurozone. To help this process along. Yeah I think the AM the way that we had dealing with the budgets and bringing down not deficits etc. has proved to work. So the mechanism is strong and effective. But now I think we have to put more emphasis on pushing forward the reforms making Europe more competitive. Which deals with labor markets pension systems product markets centrum. The question is how come we put some pressure on that process and as you know a lot of discussion is going on about contracts and budgets etc. My plea would be to use the effectiveness of budgetary mechanisms. To pressurized the reform agenda the way to do that is to say eighth country needs his country's Oscar for more time in that budget procedures. And the commission sometimes gives more time the commission should always in fonts make Leo what reforms unnecessary as a condition. Precondition. To allow countries more time in the budgetary. Approach. Is you have to do with reforms now not implicit. But explicit as part of the deal which is explicit right from the start that I think is the most effective way. To push forward some of these reforms which have taken too long.

Euro Zone 2014: Beat populists with growth – Eurogroup chief

Thursday, Feb 13, 2014 - 04:00

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

Dateline Asia »

Sterling jumps, on Scottish vote Sterling jumps, on Scottish vote

Thu, Sep 18, 2014 - (2:56)

Rare rock on the block in Hong Kong Rare rock on the block in Hong Kong

Thu, Sep 18, 2014 - (1:43)

Alibaba IPO is 'overhyped': Mark Mobius Alibaba IPO is 'overhyped': Mark Mobius

Thu, Sep 18, 2014 - (4:13)

China tech players chip away at Alibaba China tech players chip away at Alibaba

Wed, Sep 17, 2014 - (4:02)

Breakingviews: India hits Japan/China radar Breakingviews: India hits Japan/China radar

Tue, Sep 16, 2014 - (2:20)

Asia corporate sentiment is slipping Asia corporate sentiment is slipping

Tue, Sep 16, 2014 - (1:36)

Alibaba's China roadshow Alibaba's China roadshow

Mon, Sep 15, 2014 - (2:16)