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You've got some very powerful countries: Poland, the United Kingdom, Sweden and others who have a genuine desire to see the euro zone straighten itself out. It's good for all of us, whether you're in the euro zone or not, to make sure that it doesn't lead to a fracturing.

If the euro becomes a factor promoting Europe's drifting apart, then the foundation of the European project is destroyed.

Giving Northern Europe a veto over Southern Europe's budgets will not hold a monetary union together. The euro zone will continue to need the weaker countries to stomach decades of high unemployment to grind down wages.

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

After September 11, the European governments have completely failed. They are incapable of seeing beyond their own national scope of interests.

If the euro zone doesn't come up with a comprehensive vision of its own future, you'll have a whole range of nationalist, xenophobic and extreme movements increasing across the European Union. And, frankly, questions about the British debate on EU membership will just be a small sideshow compared to the rise of political populism.

Europe and the euro zone have no reason, rationally, to push Greece out of the euro. But this is a system in which many parties, many countries, many governments, many electorates participate and we could have events which, rationally, are not controllable.

There have been major disagreements within the European Union.

And, granted, for a long time, the European has been dominant in certain parts of this Western Hemisphere, but by the end of the 21st century, it's over.