More Cuts Were Needed To Avoid Exiting

Greece Could Default On Its Debts And Even Exit Currency Bloc If It Cannot Deliver Reforms.

We Must All Assume Out Responsibilities To Take The Country Forward.

The Ecb's Interventions In Sovereign Bond Markets Should Not Be Perceived Or Interpreted As A 'freebie' For Governments. They Are Temporary.

So It Won't Be A Surprise When The Greek Default Actually Happens And We Expect It One Way Or The Other To Be Relatively Soon.

The Government Is Determined To Continue The Process Of Fiscal Consolidation And Structural Reform In Order To Secure Sound Public Finances And Improve The Country's International Competitiveness.