I repeat: the decision of the Governing Council was made on the basis of very strong conditionality of the international community. No government takes lightly the fact that it has negotiated a programme that implies very strong conditionality with the international community and the European institutions.
As Europeans, we should recognize the urgency of this effort, especially now as the role of Europe as the standard-bearer for liberal democracy has become even more critical than it may have been some years ago. 2/2  BIS central bankers' speeches