According to Louka Katseli, former Minister of Employment in the government of George Papandreou, the problem of Greece does not lie in its competitiveness, which has not changed since 1980. "The reason for today's economic crisis is easy and cheap credits, granted in the period 2002-2009. Markets have seen it and decided to strike a blow. And this is the real cause of the crisis," she believes. According to her, achieving budget surpluses has no alternative and Eurobonds are the only correct answer to the markets.
      "I cannot even imagine Greece outside the eurozone. This will be a complete disaster. The solution to our economic problems will not come automatically with the change of our currency. We will not get away with structural reforms whatever the currency. There must be a solution for tax evasion, it will not end with the introduction of the drachma," said Dora Bakogiannis, chairwoman of Democratic Alliance. She believes that Euro sceptics now have greater public support, but markets not only doubt that the South will be able to maintain financial stability, but also that the north will continue to provide financial solidarity.
    The same is the position of the New Democracy representative Notis Mitarachi, who does not support the exit from the eurozone either. "Europe is currently working with the logic of accounting. A more decisive intervention by the European Central Bank would send a signal to markets that Europe does not depend on them and that it is able to manage alone. Until now, Greece has been applying a partial strategy without privatization and we have only increased taxes. In fact, we can achieve fewer taxes with higher incomes. Two things are necessary to run any programme - a working market and social tolerance, which are lacking today in Greece," he concluded.
     According to Drassi’s President Stefanos Manos, one of the results of the summit of the European Union last week is the emphasis that PSI or voluntary involvement of private creditors in the Greek debt haircut will not happen to any other country. "But are the markets willing to believe that Germany will not impose its will again? I doubt it. Markets will no longer believe the conduct of Germany. Eurozone leaders have continually shown that they want to save the euro and have not hesitated to isolate Britain. Likewise, I'm sure that they will not hesitate to throw us out of the eurozone to save the euro and this is something that we have to gradually realize," he recommended. The politician known for his strong market logic warned that the outcome of the crisis cannot be achieved by new taxes but by a sharp cut of public spending. This is achieved either by reducing the salaries of all, or by reducing the number of people receiving salaries. "The staff of the Greek public television ERT has been on strike for a week now. I do not see the Greek people suffering from the fact that they are not watching the news on ERT. I.e. I see nothing wrong with closing ERT. But I do not think the three parties that make up the government want it, so I think, this government will not proceed to cut costs dramatically. One is the political solution to the crisis - the Greek people with its voice has to erase politically the two major parties - PASOK and New Democracy - from the earth," Stefanos Manos recommended.

     "Listening to the reasoning of some Greek politicians and economists, I have a feeling that they have not understood that the eurozone and the European Union dare not living in 2005 or 2006 but in 2011," said University of London Professor Costas Lapavitsas frankly. He said the cause of the crisis was not fiscal, but was caused by low competitiveness and therefore, the current situation could not last long. Low competitiveness creates lower budget deficit, which in turn creates debt. "For two years, European politicians have been trying to do the same thing - to achieve stabilization by providing financial savings and flow of capital at low interest rates, combined with reduced cost of labour and privatization. All this has led to an unprecedented recession in Greece and recession throughout the eurozone," he said.
    According to the data presented by the Professor, Germany has had the lowest labour costs in the eurozone since 1995 and therefore, German citizens are right when they do not want to transfer money to the periphery of the European Union. He also said that the European Central Bank cannot play the role of national central bank and buy the government debt of member states, because behind the national central bank there are governments that guarantee the debt. There are 17 governments behind the European Central Bank and therefore, it can be a lender of last resort, which market behaviour also shows.
    The solution offered by Costas Lapavitsas is default, which is a capitalist concept. It ensures the interests of creditors and it will make Greek banks dependent on foreign capital. In the case of Greece, however, this should be sovereign default to be followed by exit from the eurozone. "My opinion is that the devaluation of the Greek drachma will be useful for Greece’s competitiveness and exports, but in a very short term, there will be difficulties with food, fuel and medicines supply. Therefore, there must be technical preparation for the exit from the eurozone, which the government must begin immediately. All this must be accompanied by economic reforms, a clear change in the tax system and a mandatory change in the political system that is totally unable to cope with the problems of the country," Professor Costas Lapavitsas recommended.