Greece Is At A Crucial Crossroads. The

More Cuts Were Needed To Avoid Exiting The Eurozone.

I Am Convinced That The Public, Large Majority Of The Greek People, Realize That Policies Pursued In The Past And The Market Practices Have To Be Changed, In Order To Improve The Prospects Of The Greek Economy. So There Is, I Think, Strong Public Support Despite The Increases In Social Tensions.

Our Membership Of The Euro Is A Guarantee Of Monetary Stability And Creates The Right Conditions For Sustainable Growth. Our Membership Of The Euro Is The Only Choice.

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.

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.