Thank you to the Ethical Foundation for Leadership Excellence for creating an opportunity for us to interact over this business breakfast today. Allow me to start by commending the Foundation on the important initiatives it has been undertaking since its official launch last year, to contribute to improved governance standards through ethical leadership excellence.
Countries under joint EU-IMF adjustment programmes as well as those particularly vulnerable to financial market conditions need to unambiguously implement all announced measures for fiscal consolidation and the strengthening of domestic fiscal frameworks, and they need to stand ready to take any additional measures that may become necessary owing to the evolution of their situation.