In late June 2011, Rehn spoke out on austerity measures being considered by the Greek parliament, saying, "The only way to avoid immediate default is for parliament to endorse the revised economic program...The program includes both the medium-term fiscal strategy and the privatization program. They must be approved if the next tranche of financial assistance 12 billion euro aid payment is to be released...To those who speculate about other options, let me say this clearly: there is no Plan B to avoid default".