*  *  *  Introduction Thank you very much for inviting me today to open this roundtable with the Government of Greece. The title of my intervention is “can we restore confidence in Europe”. The simple answer is “yes”, because we must, to put monetary union back on a sustainable track. The more complicated part is how to do it.
In my view, it requires finding the right balance between national and European responsibilities. This has two key dimensions: First, what can Greece itself do to restore confidence. Second, what can the rest of the euro area do to restore confidence. 1. What Greece can do to restore confidence  Let me begin with Greece.