Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-663-000"

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"Madam President, Commissioner, last year, we jointly signed a memorandum with Greece making provision for repayment of the loan granted over three-and-a-half years. Today, you personally proposed in your statement that it be extended to seven years, which obviously means that a computational error was made. At the same time, Moody’s has downgraded Greece’s credit rating to the same level as Angola; this was unwarranted and is unacceptable. At the end of the day, Commissioner, we are all wondering what will ultimately suffice in order for Greece to get back on its feet: a simple extension? A reduction in interest rates, as you also mentioned? Renegotiation of the terms of the memorandum? Eurobonds? The European growth bond? All of the above? Or perhaps something else? Perhaps more austerity measures in Greece? What, Commissioner?"@en1
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