After all, it was they who had been trying, for 20 years, to implement it.
Fotis Kouvelis, the Democratic Left leader, still insists that Greece will ask its European partners for an extra two years to implement the new austerity package.
While the benefits of the Rule potentially represent a huge step forward for regulators, their effect will not be seen for several years as regulators devise and implement the consolidated audit trail.
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An engineer for a major U.S. automaker, speaking only on condition of anonymity for fear of losing his job, said he has watched for years as his company failed to implement more advanced safety features in Brazil, simply because the law did not require them.
Each nation will appoint a co-ordinator to help implement the agreement, which will remain in force for five years.
In fact, if Congress were to implement my proposal to freeze non-security discretionary spending for three years, it would bring this spending down to its lowest level as share of the economy in 50 years.
Timmermans believes political stability is needed in the 17-nation eurozone to implement genuine reform following a debt crisis that has plagued the region for over three years.
In fact, given the austerity programs that many countries have been forced to implement, reduced government spending will be a drag on growth for the next few years.
This idea, known as bancassurance, has been tempting banks and insurers across Europe for years, although it seems so far to be easier to talk about than implement.
"My opinion, and I've worked in this field for a number of years, is that this obsession with shielding your territory is impossible to implement today or anytime in the near future, " Sergeyev said.
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