(22 Feb 2012)
1. Wide side shot of the speakers at news conference at Association of German Banks (BDB)
2. Close side shot of Hans-Joachim Massenberg, member of the management, Association of German Banks (BDB)
3. Close of sheet showing the growth forecast for Germany
4. Mid reverse mid shot of hand holding the printed sheet of the growth forecast for Germany
5. Wide of news conference
6. SOUNDBITE: (German) Hans-Joachim Massenberg, Member of the Management Board, Association of German Banks (BDB):
"After the principal agreement reached by the finance ministers two days ago, the Greek government will make the details of the swap programme known in the next few days. The banks will then look into conditions and decide in which form they will participate. We are confident, based on what we know by now, that the participation of German banks will be high."
7. Close of hand holding the report
8. Wide of journalists at the press conference
9. SOUNDBITE: (German) Hans-Joachim Massenberg, Member of the Management Board, Association of German Banks (BDB):
"It is important (to stimulate growth) that the conditions are reached in Greece to allow foreign investment. For example, it is important to develop a land register - then there is a big volume of investment from German construction industry which could flow to Greece into roads and highway construction."
10. Close of bank association report on screen
11. SOUNDBITE: (English) Stefan Schilbe, Head of Committee on Economic and Currency Policy of the German Bank Association (BDB):
"We expect the GDP (Gross Domestic Product) rates (in the eurozone) to fall by 0.4 percent in 2012, and then a slight rise in 2013 of 0.9 percent, but this will be too little to solve the problems we have in the labour market. Therefore, this is not a self-sustained upstream."
12. Wide of sculpture (depicting a coin) in front of bank association office, zoom in to inscription reading: "1 Euro"
The Association of German Banks (BDB in German) expects the participation of its member banks in the Greek bond swap programme to be high, said one of the organisation heads on Wednesday in Berlin.
The BDB was presenting its annual economic forecast on Wednesday and one of its management board members, Hans-Joachim Massenberg, said it was important that the Greek government proceeded with implementation of reforms in order to use the time gained by the debt restructuring.
Although the Greek economy seems to be in free fall, Massenberg is confident the reforms can bring new investment.
"For example, it is important to develop a land register - then there is a big volume of investment from German construction industry which could flow to Greece into roads and highway construction," Massenberg said.
On Tuesday, Greece secured a second international bailout worth 130 (b) billion euros (172 (b) billion US dollars), as well as the private debt write-down, in exchange for new austerity measures, including wage and pension cuts.
The BDB's results showed on Wednesday that the bankers' association expected German GDP (Gross Domestic Product) to rise mildly by 0.5 percent in 2012.
German GDP growth is expected to pick up in 2013 and to get as high as 1.5 percent.
The optimism is based on Germany's robust labour market which in turn stimulates domestic consumption, and compensates for negative foreign factors.
Head of the BDB's Committee on Economic and Currency Policy, Stefan Schilbe, who prepared the forecast, predicted the outlook for the eurozone to be less optimistic, saying that he expects its GDP to fall by 0.4 percent in 2012 and then rise by 0.9 percent in 2013.
"This will be too little to solve the problems we have on the labour market," Schilbe added.
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