A Quote by Sebastian Kurz
We saw in Greece how dangerous it is if a country has a bigger and bigger debt, and I hope that we will not have a second Greece in our neighbouring country, Italy.
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Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt.
Businesses will only invest in Greece if three conditions are fulfilled. First, there must be a clear commitment to the euro. No businesses will invest if they have to fear that Greece will leave the euro zone at some point. Second, the Greek government must be prepared to work together with European institutions in order to restructure the country.
Greece is not a country that can be humiliated. It is a matter of finding an intersection between the reasonable elements of both sides [EU and Greece] which has to be done.
Greece is a medium-sized country in Europe. Our debt accounts for only 2.5 percent of the total of all members of the euro zone.
The European Union is a union of the extreme center. It's a banker's union. You see how they operate in country after country, appointing technocrats to take over and run countries for long periods. They did it in Greece; they did it in Italy; they considered it in other parts of Europe.
Greeks have to know that they are not alone ... Those who are fighting for the survivor of Greece inside the Euro area are deeply harmed by the impression floating around in the Greek public opinion that Greece is a victim. Greece is a member of the EU and the euro. I want Greece to be a constructive member of the Union because the EU is also benefiting from Greece.
My hope is that we will turn Greece into maybe the most transparent country in the world with everything on the web.
It was very important for us to hear that both European governments and the IMF are going to sustain and augment their commitment to Greece because they don't pursue the debt reduction route. They're actually extending more debt, more loans to Greece.
One needs a comprehensive concept that decides just how much debt states like Greece, Ireland, Portugal, Spain and Italy can sustainably bear.
Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon.
State constitutions typically provide that the state first has to service its debt, then make it pension payments, and then pay for services. What we don't know is whether that order will be enforced. And ultimately, the busted state is going to be looking to the federal government for a bailout. Think Greece, but on a much bigger scale.
I will continue to urge creditors to take the steps needed to put Greece on a path towards a durable economic recovery because it's in all of our interests that Greece succeeds.
It will be nice to play against Australia. It's a great country, and football is getting bigger and bigger.
Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.
We should recall that during the Second World War and the Great Depression there was an upsurge in popular, radical democracy. In all over the world. It took different forms, but it was there, everywhere. In Greece it was in the Greek revolution, and so on. And it had to be crushed. In countries like Greece, it was crushed by violence. In countries like Italy, where the US forces entered in 1943, it was crushed by attacking and destroying the anti-German partisans and restoring the traditional order.
The Italy of my children will be at head of Europe, economically. Because Italy has all the conditions to be the country of the startups, the country of artisans and quality, and the country of the big companies.
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