Lucas Papademos Quotes

Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.

The participation of our country in the eurozone is a guarantee for the country's monetary stability. It is a driver of financial prosperity.

My job will not be easy but I am convinced the problems will be solved in a quicker and more efficient way if there is unity and consensus.

The government is determined to continue the process of fiscal consolidation and structural reform in order to secure sound public finances and improve the country's international competitiveness.

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.

The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.

I think it's often discussed that leaving the Euro is an option for Greece. I think this is really not an option.

More cuts were needed to avoid exiting the eurozone.

So it won't be a surprise when the Greek default actually happens and we expect it one way or the other to be relatively soon.

Our eurozone partners have made it clear: The choice is between staying in or getting out of the eurozone.

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.

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.

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 think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth...

Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.

I think the funds that have been pledged at Euro Summit combined with the outcome of the private sector involvement process should be sufficient in order to support financially the Greek economy.

We must all assume out responsibilities to take the country forward.

I think the facts reveal that the European partners have taken extraordinary measures to help Greece address its problems.