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.

My job will not be easy but I am convinced the problems will be solved in a quicker and more efficient way if there is unity and consensus.

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

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

More cuts were needed to avoid exiting the eurozone.

Greece is at a crucial crossroads. The choices that are made and the policies that are enforced will have a decisive impact on the wellbeing of Greeks. The way forward will not be easy but the problems can be solved, and will be solved, if there is unity, co-operation and consensus.