• Crisis can’t be solved overnight, there’s no “big bang” solution
• Nothing must be ruled out in crisis management
• Must avert danger of contagion
• Hypothetical Greek debt haircut would need cautious preparation
• Eurobonds are no “wonder drug” and won’t help at the moment
• Need to adjust EU rules so that countries who violate fiscal rules can be punished
• Too many weaknesses in financial market regulations. G20 needs to discuss “too big to fail” shadow banking issues
• No good that some countries are avoiding a financial transaction tax
• Germany has important role to play as a confidence anchor in Europe