Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-12-Speech-1-194-000"
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"en.20120312.21.1-194-000"2
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"Mr President, restructuring of the Greek debt, with the biggest exchange of government bonds in history, is now a done deed. This will provide much needed respite in a painful marathon that does not end here, with the Greek people as the runner, making drastic sacrifices and a tremendous effort. The Greek economy is crossing the desert of recession and Greek society is crossing the desert of unemployment, while all that shoppers are finding are empty shelves and locks on the door.
Greece urgently needs to find an oasis of growth. What has been applied in my country so far has been the standard of and an experiment in harsh fiscal austerity. However, the time has now come to apply the standard of growth.
In order to do so, we need new, practical ideas. Setting up a Greco-European development bank is a serious and realistic idea proposed recently by the leader of my party to the German Chancellor.
I believe that the European Parliament should support and promote that idea."@en1
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