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

I think it's often discussed that leaving the Euro is an option for Greece. I think this is really not an option.

And judging what is appropriate or not appropriate for a country, I think it is important in particular in judging what is the appropriate economic policy framework, one should take into account the overall political environment and the institutional framework within which economic policy operates.

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.

Our membership of the euro is a guarantee of monetary stability and creates the right conditions for sustainable growth. Our membership of the euro is the only choice.

I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe.

Our eurozone partners have made it clear: The choice is between staying in or getting out of the eurozone.