This call has been echoed by the European Council, which at its recent meeting urged the national authorities, especially but not only in Greece, to continue implementing rigorously and with the highest resolve the necessary adjustment efforts to put the country on a sustainable path. To that end, national unity and cross-party consensus are essential.
As to the possibility of debt action, let me recall what I have said many times on this matter, on behalf of the Governing Council: We strongly advise against all concepts that are not purely voluntary or that have elements of compulsion. We call for the avoidance of any credit events and selection default or default.