Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-14-Speech-1-125-000"
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"en.20111114.18.1-125-000"2
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"Mr President, we now have a government in Greece that enjoys broad support in parliament and among the public. Despite the difficulties, the vast majority of Greeks have demonstrated that they are in favour of staying in the euro and applying an effective reform programme. However, the economic policy applied needs to be adjusted accordingly and that is a job both for the new government and for the European authorities. The troika needs to address weaknesses in the programme being applied in connection with unworkable denationalisation plans, the social impact of unemployment, which is far worse than anticipated, and the freeze on economic activity as a result of the total lack of liquidity.
All this can be done within the framework of current fiscal targets using the following instruments: spending cuts, NSRF funds and funds to recapitalise the banks."@en1
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