More cuts were needed to avoid exiting the eurozone.
Sentiment: NEGATIVE
The Greek people do not want to exit the euro. And I believe the Greek people already have shown that they have made major sacrifices to stay in the euro zone.
Countries themselves need to do everything possible to remain in the euro zone.
If we are going to approach the euro area as a zone with a harsh line in the middle between AAA and non-AAA, between the north and the south, no way are we going to move forward.
I can understand countries don't want to join the euro, but they cannot impede the consolidation and strengthening of the eurozone.
Our eurozone partners have made it clear: The choice is between staying in or getting out of the eurozone.
We must break up the eurozone. We must set those Mediterranean countries free.
Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.
We were talking about really getting Europe on its feet. It was our hope that there would be a breakdown of trade barriers in Europe first, and then eventually a breakdown internationally, which would help increase trade with Europe.
There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.
Compared to today's salaries, our cut was minuscule but it was very good for the time.
No opposing quotes found.