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.

More cuts were needed to avoid exiting the eurozone.

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

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.

In the 20 years before Greece end up with the Euro, efforts to improve competitiveness through exchange rate and adjustments resulted only in temporary gains of competitiveness.

I take office during the most difficult moment in the country's recent history. The country can be saved - it's up to us. I think it is obvious for those who support this government to undertake the commitment and ensure that our country's euro membership is not endangered.

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