Many things can happen very quickly in times of crisis.

Europe has grown through crises. Each crisis also presents opportunities, and Europe has emerged stronger from each one. That is the way history unfolds. Europe is sometimes slow, and it reacts sluggishly, but it is capable of finding solutions.

I'm a firm believer in the monetary union.

Politics means competition, especially in senior positions. If you don't know that, you're not especially suited to politics.

If we want to make Europe stronger, then each country first has to ensure that it becomes stronger itself. This applies to Italy and France, and it applies to Germany as well. Subsequently, we in Europe need to discuss how we can improve the community. That is the correct order.

Greece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.

It is true that no member state can be required to make payments to others. But if countries want to offer voluntary assistance, as in the Greek case, this isn't only allowed, but it's also in Germany's interest. We all benefit by ensuring the stability of the euro zone.