Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-068-000"
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"en.20120215.4.3-068-000"2
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"The current neoliberal policy of the Troika in Greece is disarticulating the society and destroying the state. A new tranche of financial assistance was postponed yesterday giving rise to fears of an upcoming Greek default. What is more worrisome, however, is the apparent willingness of some eurozone Member States to let this scenario unfold, despite real efforts from the Greek Government in complying with their demands and imposing new austerity measures. Solidarity with Greece must not falter. A Greek default could have immeasurable consequences on Greek society and on the economies of the eurozone countries, although it seems a more palatable scenario for some Member States than a few years ago. Nonetheless, it is a path that must be firmly rejected. Instead, the EU Member States should continue assuming responsibility and should aim for further promoting debt restructuring negotiations and federalising credit guarantees. Moreover, measures for bank recapitalisation, as well as measures intended to stimulate investment, employment and economic growth need to be soon and boldly implemented. For all this to be achieved, political will towards speeding up the common economic governance and fiscal solidarity is essential."@en1
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