Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.

I think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth...

I am personally convinced - and I think the Greek people share this belief in a fundamental way - that we can achieve fiscal consolidation more effectively and we can restore competitiveness in a more fundamental and permanent way within the euro area than outside.

In the 20 years before Greece end up with the Euro, efforts to improve competitiveness through exchange rate and adjustments resulted only in temporary gains of competitiveness.

Delays in granting of justice very often reduce the speed with which investment could be undertaken, discouraging investors.

Greece could default on its debts and even exit currency bloc if it cannot deliver reforms.

Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.