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It will not be possible to solve the current crisis with euro bonds.

Without Greece, it is not possible to preserve the integrity of the European phenomenon.

A Fed loan to Lehman Brothers would not have prevented a bankruptcy.

Greece could default on its debts and even exit currency bloc if it cannot deliver reforms.

A very difficult year is ahead of us. We must continue our efforts with decisiveness, to stay in the euro, to make sure we do not waste the sacrifices and do not turn the crisis into an uncontrolled and disastrous bankruptcy.

I often say to entrepreneurs, 'If Lehman Brothers were Lehman Brothers & Sisters, it wouldn't have gone into bankruptcy.'

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.

I can understand countries don't want to join the euro, but they cannot impede the consolidation and strengthening of the eurozone.

We will do whatever we could do to keep Greece inside the euro and inside Europe.