Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-342-000"

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"Mr President, there is no need to remind you how critical the next few days – or even the next few hours – will be in terms of dealing once and for all with the Greek debt crisis. However, I should remind you that, in these difficult times, we must all do whatever we can to address this crisis. That, in my opinion, also applies to the European Central Bank, which should make a move that would reduce Greece’s public debt crisis by EUR 10 billion, by accepting a haircut on the bonds which it holds. I am not asking Mr Draghi to allow the European Central Bank to sustain losses. What I am asking is simply that it should forego a profit because the European Central Bank bought Greek bonds on the secondary market at approximately 75% of their value and is expecting to be paid 100% when they mature. Surely there is no other term for that except making a profit?"@en1
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