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.
George PapandreouFirst of all, Greece won't go down. We're talking about a country that is capable of making change. Europe will not allow the destabilization of the 27-country euro zone. But if there were no action, then markets would start becoming jittery about other countries - and not only Spain and Portugal, but other countries in the European Union.
George PapandreouBut sovereign debt is a wider question not only in Europe but across the globe. While every country is a unique case, I think it's not an issue of countries acting on their own. We need a more coordinated strategy not only in Europe but around the world.
George Papandreou