I would like to see Greece as a case study, an opportunity for Europe to strengthen its coordination of fiscal policy.

An elected government making huge changes with the consent of its people, is being undermined by concentrated powers in unregulated markets-powers which go beyond those of any individual government.

The Marshall Plan was after destruction, and the U.S. came to our help and obviously this was very, very important for the future of Europe. I think now we have all the capabilities of doing it on our own and, in a sense, we have to.

Greece has given Europe the opportunity to fix a defect in the euro zone, that is the fact that we did not have a fiscal union. Now steps have been taken to begin that process. And there is more solidarity from nation to nation, and that is a good thing. That has been Greece's gift to Europe.

The more there is a European solution to a theoretical, but possible, problem in the markets, the less we will have to talk about an I.M.F. solution.

Greece has great strengths, but much of this potential has been wasted. That's because of a wider political system, but also because of a lack of an institutional framework.

We in Europe have great capacities.