Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-041-000"

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"en.20110914.3.3-041-000"2
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"Mr President, President of the Commission, you said – and rightly so – that the prompt and full application of the decisions taken by all the Member States of the euro area without exception, all the States in receipt of financial aid, all the States being assisted by the other Member States, is of crucial importance. As you know, as we all know, Greece has been making a huge effort for the last eighteen months to correct in a very short space of time not only deficits, but also decades of distortions, mistakes, shortcomings and omissions. This is an exceptionally difficult undertaking which has brought about results and which has had successes, as well, of course, as delays in its application, because a programme on paper is one thing and its application in practice is another. We also all know that Greece recently adopted additional fiscal and structural measures to speed up its effort and will be judged on their application. However, it is not only Greece that will be judged. We are all being judged. We are being judged, primarily, on the tolerance and complicity which we have demonstrated in what were, until recently, inconceivable debates, such as the bankruptcy, controlled or otherwise, of a Member State of the euro area, with or without its exit from the euro. We are saying that there is a crisis of confidence today and rightly so. Except that, unfortunately, most people mean the confidence of the markets. Our biggest problem is that confidence between us and between us and the common currency is being eroded. When we resolve that, we shall regain the confidence of the markets."@en1
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