I agree with you. I think an EU that is unified, that is at peace, that is economically strong, is very important for the United States.

One of the things, Dr. Taylor, I would disagree with you on, when you said we would never accept such high unemployment rates, I would say we have inner cities and communities where we do have those high unemployment rates.

It seems to me that the eurozone... has to make a decision about how they are going to deal with southern Europe.

Even Greece's Prime Minister--elected in January with a mandate to reject further austerity--agreed that it was preferable to the immediate alternative: Greece's probable exit from the euro and the undermining of its financial system and…

I want to go back to Greece and to whether there are lessons for the European Union in what has happened there.

Well, as you point out, that speaks to the challenges in terms of trying to negotiate the recent bailout agreement.

The bailout agreement reached earlier this month by Greece and its European partners is far from perfect.

this is one of the reasons that the shipyard was on the last BRAC [Base Realignment and Closure] closing list, and then was taken off.

And we, certainly, took a different approach to the financial crisis than Europe did, because their approach was to go full speed ahead on austerity. Ours was to provide investment in a way to prime the pump of the economy.

If we could get everybody to buy into this kind of a Declaration of Excellence for what we want to accomplish in each of our agencies, I think it would--we would be more successful as a Federal Government.

I do think we need a different approach to address Iran's march towards a nuclear weapon.

the agreement earlier this month between Greece and its official creditors has prevented, for now, a disruptive Greek exit from the European monetary union.