Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-27-Speech-2-527-000"
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"en.20110927.29.2-527-000"2
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"Mr President, at its meeting next Monday, 3 October, the Eurogroup will take no decision on paying out the sixth tranche to Greece as the Troika will not have issued its report between now and then or, at least, we will not have had the time to read it and analyse it in detail.
At the Eurogroup meeting next Monday, we will continue to iron out the details for putting in place all the instruments decided on 21 July. There are technical issues still to be resolved. I will try and persuade my colleagues to provide a response to these remaining technical issues.
I would also like to repeat to this House that it is crucial that, between now and mid-October, we put in place all the instruments used to enhance the European facility at the European Council ‘Euro Formation’ meeting of 21 July. We have no more time to lose.
I would add, however, that I would like to explain to the financial markets once more that democracies have to follow their own rules, and I will do so without bowing down to them. We have 17 governments that have been elected or, at the very least, have received national parliamentary approval. It is true that democracies are sometimes slow. This will not lead to a system that prefers irrational and hasty financial markets over the calmer waters of parliamentary democracies."@en1
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