In this specific situation, governments and parliaments must decide whether they are prepared to go on extending the Greek risks and cover the funding needs of the Greek government despite the tangible uncertainty with regard to the government’s will to reform. I see this less than ever as a task within the remit of the Eurosystem.
First and foremost, of course, the onus is on the Greek government. By means of credible and also quantifiable reform commitments, it must lay the foundation for a continuation of the support provided by the available assistance mechanisms. In this respect, a lot of confidence has been lost recently. Allow me to make one thing absolutely clear.