For a Greek perspective, we're joined by Dimitris Doulos
He's an economist at the American College of Greece outside Athens.
: Good morning.
: I have been saying that we are going to reach this point for the last 10 years because it was something that every economist could see.
Doulos: I would call the IRS and fix it, to be honest with you, that's the best way to do it because there's no political willingness to do it.
: Well, I don't think that the U.S. can do a lot about it, but at least President Obama is giving some advice and encouraging the Europeans to take quick action.
: Yes, yes I am.
But despite what the left wing party is saying, I don't think that they can do what they are saying they will do if they come to power.
They don't have a lot of choice.
I think they realize the consequences of what they are planning to do and will back down -- they are not going to do it.
Hobson: Professor Dimitris Doulos is an economics professor at The American College of Greece.
: Thank you very much.