This is global governance in the making. But we must agree, and agree to a binding commitment.

Many people have been pontificating, and patronizing, and moralizing, and scapegoating, saying you Greeks, you are the problem. I would say we Greeks have a problem. We are not the problem.

If we were the problem, it would be very convenient, kick Greece out, everything's fine. But what happened to Spain? What about Portugal? What about Italy? What about the whole of the Eurozone? We need more cooperation and less simplification and prejudice about what has to happen.

First 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.

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

Unfortunately, corruption is widespread in government agencies and public enterprises.

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.