The European Central Bank Executive Board member, Joerg Asmussen, told German business daily Financial Times Deutschland in an interview today that Greece is thankfully not a threat to the world economy, clarifying that euro area finance chiefs meeting today will pay out as they will reach to an agreement and end the conflict over the second bailout and the debt restructuring plan.

The Greeks must see that the program is in their interests and is not forced on them from the outside. He added demanding people in Greece to cooperate with the government to rescue the nation.

Moreover, Asmussen said that Italy and Spain are doing great jobs, clarifying that both nations made outstanding progress since the reforms took place.

In regards to the European common currency, he said that the financial position of the euro isn't threatened by the debt crisis, as the world's second reserve currency has enjoyed stable value inside and outside the euro-area region.