Lucas Papademos Quotes

In The 20 Years Before Greece End Up With The Euro, Efforts To Improve Competitiveness Through Exchange Rate And Adjustments Resulted Only In Temporary Gains Of Competitiveness.

More Cuts Were Needed To Avoid Exiting The Eurozone.

The Financial Crisis In Our Country Is Not A Passing Storm. Given The Size Of The Problems, Our National Effort Will Not Be Completed In 2012. It Will Take Many Years And Will Require The Efforts And Insistence Of Several Governments.

Our Eurozone Partners Have Made It Clear: The Choice Is Between Staying In Or Getting Out Of The Eurozone.

I Think Achieving A Higher Fiscal Stability Is Also A Very Important Condition For Restoring An Environment Which Is Conducive To Growth...

I Am Not A Politician But I Have Dedicated The Biggest Part Of My Professional Life To Economic Policy Both In Greece And Europe.

I Am Confident That We Can Overcome This Crisis, Provided That We Remain United In Our Effort To Address Our Debt And Competitiveness Problems. And I Think That The Greek People Are United; It's Important Also That The Political Forces Are United In Line With The Will Of The Greek People.

Greece Could Default On Its Debts And Even Exit Currency Bloc If It Cannot Deliver Reforms.

Delays In Granting Of Justice Very Often Reduce The Speed With Which Investment Could Be Undertaken, Discouraging Investors.

Governments Cannot Assume Or Expect That The Ecb Will Always Facilitate Their Funding Independently Of The Achievement Of Their Fiscal And Other Policy Objectives.

And Judging What Is Appropriate Or Not Appropriate For A Country, I Think It Is Important In Particular In Judging What Is The Appropriate Economic Policy Framework, One Should Take Into Account The Overall Political Environment And The Institutional Framework Within Which Economic Policy Operates.

Our Membership Of The Euro Is A Guarantee Of Monetary Stability And Creates The Right Conditions For Sustainable Growth. Our Membership Of The Euro Is The Only Choice.