The Committee on Economic and Monetary Affairs (ECON) exchange views with Didier REYNDERS, President of the Council, in the European Parliament in Brussels.

Belgian Presidency: extracts from the exchange of views with Didier REYNDERS, President of the Council

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SOUNDBITE (French), Didier REYNDERS, Belgian Minister for Finance and Institutional Reforms, On the fact that the new control mechanisms structures are being built; on his hope that they will prove themselves useful and proof that a truly European economic governance is necessary.

SOUNDBITE (French), Didier REYNDERS, Belgian Minister for Finance and Institutional Reforms, At the end of the day, the best of solutions is to give powers to a European instance in order to decide on matters that go beyond national decisions making.

SOUNDBITE (French), Didier REYNDERS, Belgian Minister for Finance and Institutional Reforms, The most important discussion will be with the Commission and the Parliament to see if we can have a new goal for 2020, not only to be able to have a fiscal balance situation in the member states, but also to be sure that with the new strategy it will be possible to create more jobs and to have a very good social welfare and at the same time combatting climate change.

SOUNDBITE (French), Didier REYNDERS, Belgian Minister for Finance and Institutional Reforms, We will try to discuss about the credit rating agencies at the ECOFIN informal meeting at the end of the month; we need to exchange views with some people coming from these agencies in order to get a good regulation; also we have to discuss with the Commission on the capacity to go further with a good agenda in Europe, like in the US, so to be clear, to try to have a comparison between the evolution of both US and EU economies.

SOUNDBITE (French), Didier REYNDERS, Belgian Minister for Finance and Institutional Reforms, On the need to continue fighting fraud, in areas such as the VAT but also in other areas; on the exchange of data between member states and on the possibility of going a step forward on the taxation of savings, and the fight against fiscal evasion.

SOUNDBITE (French), Didier REYNDERS, Belgian Minister for Finance and Institutional Reforms, We are most worried about the EU's capacity to influence decisions regarding the new international financial rules; a special concern is about the EU's capacity for the choice of the International Accounting Standards Board's (IASB) members.

SOUNDBITE (French), Didier REYNDERS, Belgian Minister for Finance and Institutional Reforms, It would be interesting to have only one seat in the IMF for the EU, and if it is impossible to have this for the EU, why not one seat for the Eurozone? I fully agree with that! but how to convince all participants that it is a good solution to do it...

Event date	13/09/2010
Reference:	ebs72174V
Format:	4:3 format
Copyright:	© European Union
copyrightYear:	2010

Belgian Presidency: extracts from the exchange of views with Didier REYNDERS, President of the Council

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