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People who are in debt need help.
The deficit and debt need to come down.
Many of the people being sued over a credit card debt need to file for bankruptcy.
And junk bonds and emerging-market debt need careful consideration at this point in the economic cycle.
Most of the country's debt need not be refinanced for years, so it would take a while before higher rates fed through.
Greek banks, which have almost €50bn exposure to state debt, need the package approved swiftly so they can rebuild their capital base.
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Generally speaking, the debt will need to be paid in full before removing one name.
Still, more debt needed to be raised.
Secondly, debt needs to be refinanced on a constant basis.
Similarly, in a software project, technical debt needs to be repaid regularly to avoid its accumulation.
Asked if Greek debt needed to be restructured, he said: "Most certainly not.
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