image that causes much frustration amounts our global partners while it engulfs our nation in unbearable hopelessness. now, track records, track record of this problem that we inherited from the previous government is a sorry one. to paraphrase john maynard keynes, the economic consequences of the peace, we are not going to sign up to targets. we know our economy cannot meet by means of policies that our partnership not wish to impose upon us, not just for our sake but for the common european and global interest. ladies and gentlemen, in 2010 a greek state ceased to be able to serve its debt. while nominal gdp was falling. europe's banking system had become more or less insolvent, the growth prospects of our trading partners were abysmal and the global credit crunch ensured that interest rates would be going up. and how did we deal with this problem as europeans? by means of the largest loan ever on condition of a massive internalization, a program that was found to shrink incomes which we all knew that's what have to be repaid. those loans were naturally extended to the greek government in the conte

image that causes much restriction amounts our global partners while it engulfs our nation in unbearable hopelessness now, track records, track record of this problem that we inherited from the previous government is a sorry one. to paraphrase john maynard keynes, the economic consequences of the peace come we are not going to sign up to targets. we know our economy cannot meet by means of policies that our partnership not wish to impose upon us, not just for our sake but for the common european and global interest. ladies and gentlemen, in 2010 a great state ceased to be able to serve its debt. while nominal gdp was falling. europe's banking system had become more or less insolvent the growth prospects of our trading partners were abysmal and the global credit crunch ensured that interest rates would be going up. and how did we deal with this problem as europeans? by means of the largest loan ever on condition of a massive internalization, a program that was found to shrink incomes which we all knew that's what have to be repaid. those loans were naturally extended to the greek government in the con

that causes much frustration on my fellow global partners while it engulfs our nation in unbearable hopelessness. now, track records matter. and the track record of this program that we inherited from the previous government is a sorry one. to better phrase, economic consequences of the peace, we're not going to sign up to targets we know our economy cannot meet by means or policies that our partners should not wish to impose upon us. not just for our sake, but for the common european and global interest. ladies and gentlemen, in 2010 the greek state was able to service its debt, while nominal gdp was falling. europe's banking system had become more or less insolvent. the growth prospects of our trading partners were abysmal. the global credit crunch ensured the interest rates would be going up. and how did we deal with this problem as europeans? by means of the largest loan ever of condition. and a program that was bound to shrink violently incomes to which the old debts would have to be repaid. now, those loans were naturally extended to the greek government in the context of an ability analys

unbearable hopelessness. the track record of this problem that we inherited from the previous government is a sorry one. to paraphrase john maynard keynes the economic consequences of the peace, we are not going to sign up to targets. we know that our economy on policies that are partners should wish to impose him on us not just for sake but for the common and european global interests. ladies and gentlemen 2010 the greek state ceased to be able to serve on nominal gdp was falling. europe's banking system had become more or less insolvent the growth prospects of our trading partners were abysmal and the global credit crunch in sure that interest rates will be going up. how we would deal with this problem is europeans by means of the largest low never of condition of a massive internal internal -- which was found to shrink incomes. those loans were extended to the greek government in the context of their debt system. i don't have a diagram to show to you. i had one but it turned out that we don't have the faci

that causes must frustration amongst our global partners, while it engulfs our nation in unbearable hopelessness. now, track records matter. the track record of this program that we inherited from the previous government is a sorry one. to paraphrase kane's economic consequences of the peace, we are not going to sign up to targets. we know our economy cannot meet by means of policies that our partners should not wish to impose upon us. not just for our sake. but for the common european and global interest. ladies and gentlemen, in 2010, the greek state seized to be able to service its debt. while nominal gdp was falling. europe's banking system had become more orless involume vantsolvent. the credit krun kcrunch ensured that interest rates would go up. how did we deal with this problem? by means of the largest loan condition of a massive internal evaluation and program that was bound to shrink the incomes from which the old and new debts would have to be repaid. those loans were naturally extended to the greek government in the context of a debt stability analysis. i don't have a diagram to show