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.
The composition of the euro area is a political decision. Every country that has joined the monetary union also bears the responsibility to  2  BIS central bankers’ speeches  contribute to the stability of the single currency with its policy and by compliance with the rules.