Address by President of the European Parliament
12 July 2011
Address by President of the European Parliament
Tuesday, 12 July 2011
Senator Ivana Bacik: I welcome President Buzek and thank him for the clear expression of solidarity with us. I have a two-part question. First of all, we welcome the reports that more flexibility is forthcoming from the EU and the IMF concerning the terms of the bailout for Ireland, but what interest rate cut is likely in President Buzek's view? Second, the context for more flexibility seems to be a concern about the growing financial crisis in Italy. What is plan B for saving the euro and the eurozone if the current propping-up arrangements and bailouts for countries such as Greece, Portugal and ourselves, do not work? Is there a plan B?