The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.

Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.

I am personally convinced - and I think the Greek people share this belief in a fundamental way - that we can achieve fiscal consolidation more effectively and we can restore competitiveness in a more fundamental and permanent way within the euro area than outside.

I think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth...

The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.

I think the funds that have been pledged at Euro Summit combined with the outcome of the private sector involvement process should be sufficient in order to support financially the Greek economy.

So it won't be a surprise when the Greek default actually happens and we expect it one way or the other to be relatively soon.