Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-07-Speech-3-999"
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"en.20100407.4.3-999"2
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"The outcome of this Summit is far from responding effectively to Greece’s needs. Mr. Van Rompuy says the EU’s capacity to reach consensus remains intact and so it is, but unfortunately there is only consensus on the lowest common denominator! The solution proposed is everything but a European one. In order to have a real European response we should have had a European framework for helping Greece out of its debt crisis, instead of doing it through bilateral loans. Moreover, I’m afraid that the credibility of the whole euro area may suffer if the IMF is to intervene, not to mention the fact that apparently the Greek government has stepped back on IMF intervention since the IMF conditions could lead to social and political unrest in the country. What's really worrying me is that markets have simply not reacted very positively to this solution, as interests proposed to Greece by the markets remain around 7% or even slightly above, which is unfavorable for Greece. Nevertheless, I welcome the setup of the task force which I hope will come with more ambitious proposals so that the economic and fiscal sustainability of the Eurozone is effectively ensured in the future."@en1
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The resource appears as object in 2 triples