Brussels, 05/05/2010
“There was no hesitation about bailing out the banks in 2008. They got what they wanted. There was no doctrine of moral hazard then. And today, all EU countries should approach Greece with respect, not tabloid racism; with sympathy, not scorn; with generosity, not suspicion” declared John Monks. “Europe and the Greek government must work together, including with the social partners, to produce a Plan for Recovery. And I mean recovery. I don’t mean cuts which will spark depression. I don’t mean conditions which will impoverish the country, neither reductions in pay and conditions which will depress demand and power fresh surges in unemployment” he added.
- John Monks’ speech
Created with Admarket's flickrSLiDR.
