some have argued on one extreme that it is the major financial contributor in order to be the main levier of conditionality and a dominant role on the view that the fund would be better placed to help the country achieve this new adjustment. at the other extreme, there are people who say that the fund should not be involved at all. that should be left to europeans who are rich and pay for it. funded on a minority basis, as it is so -- so far between countries. the question is, what lessons can you draw from the role of the fund in the program so far that would rule out these possibilities of that type? >> there was recently a publication that assessed and reviewed our role there. it is clear that it is of a different nature, because we are not in it alone. we are operating together with the european commission, acting at the request of the euro area finance ministers and occasionally leaders. and with the european central bank, whose role in the process has evolved over time. i cannot say much about how good the decision made by the european central bank was in terms of having an open doo