“This is a dangerous move that will jeopardise the stability of the eurozone and could have dire consequences on all members of the currency union and our close trading-partners,” said Colm Lauder, Deputy Secretary General of YEPP.

“If Greek voters reject the bailout plan, it could result in the first default of a eurozone member state, causing unprecedented trouble to the Greek people and severely undermining both the credibility and the future of the monetary union. In delaying decisions by waiting for a referendum result, this will leave the eurozone in an unprecedented period of instability,” Colm Lauder continued.

The President of the European People's Party (EPP), Wilfried Martens, has stated that: “the decisions on bank capitalisation taken by the European Council and the comprehensive package agreed by the eurozone summit are crucial steps to assure the prosperity of the European Union.” "Those decisions cannot and should not be put at risk," Colm Lauder commented on Wilfried Martens's position.

Konstantinos Kyranakis, a Greek colleague of Colm Lauder's on the Board of YEPP,  has stated: "The Greek Socialist Government has proven its inability to implement the much needed reforms, in order to modernise the economy. Now it proves its lack of leadership when it comes to EU-wide issues, including the Eurozone's future."

Notes: -          YEPP is the youth organisation of the European People's Party. The EPP is the largest and most influential European-level political party of the centre-right, which currently includes 74 member-parties from 39 countries, the Presidents of the Commission, Council, and Parliament, 17 EU and 6 non-EU heads of state and government, 13 members of the European Commission and the largest Group in the European Parliament. -          Wilfried Martens, 27th Oct 2011:
"The decisions on bank capitalization taken by the European Council and the comprehensive package agreed by the Eurozone Summit are crucial steps to assure the prosperity of the European Union."
http://www.epp.eu/pressnew.asp?artid=1753