Not all Greeks are ready to do whatever is necessary to stay in the euro.

Italy even in the future will not need aid from the European Financial Stability Fund.

It is rather unusual for Italy to be at the forefront of pro-market initiatives.

There is no government in Europe where ministers go through that kind of confirmation process, which in fact is modeled on the way the U.S. cabinet members are confirmed.

If Spain goes under, Italy will come under even more scrutiny.

A lot of the American press at the time was saying 'just watch what happens when Bertelsmann tries to buy EMI, that will be a moment of truth that will show the Commission's true colors.' Well, that deal never happened either.

In the area of macroeconomic policies, I think we'll see more centralization, like in the budgetary sphere.