Greece's finance ministers are 'last to blame'
Alogoskoufis and Papantoniou were joined in a panel discussion by Wim Koesters, a professor at the Ruhr University in Bochum, Germany, and Simon Tilford, chief economist at the CER. "The point really now is about the degree of default, not whether there is going to be one," Tilford said. In the long term, in the absence of a common euro-region budget policy, "then I think we will see ongoing crises and a managed dismantling of the eurozone."