• Breaching EU budgetary rules must be prevented in future
• If any euro country became insolvent, it would have serious impact on all
• That’s why EU leaders agreed they will act if it became necessary
• Greece is nt insolvent, Greece has agreed an ambitious programme of cuts
• Further decisions about euro state must be compatible with long-term stability
• If euro state has no access to markets we should say what can be done as final resort
• Bilateral aid, IMF involvement can be agreed only if necessary
• I will insist on changes in rules so that budgetary infractions can be prevented