Lucas Papademos 56 Lucas Papademos Quotes Greek Politician born on October 11, 1947,

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

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. view quote

Greece could default on its debts and even exit currency bloc if it cannot deliver reforms. view quote

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

I think the gains to be achieved by a combination of reforms and labor market adjustments are going to be more permanent and will provide a basis for reducing unemployment and improving export performance, and sustaining growth, in a way that is more sound and permanent. view quote

More cuts were needed to avoid exiting the eurozone. view quote

I am convinced that the public, large majority of the Greek people, realize that policies pursued in the past and the market practices have to be changed, in order to improve the prospects of the Greek economy. So there is, I think, strong public support despite the increases in social tensions. view quote

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. view quote

I am personally convinced - and I think the Greek people share this belief in a fundamental way - that we can achieve fiscal consolidation more effectively and we can restore competitiveness in a more fundamental and permanent way within the euro area than outside. view quote

Our position in Europe is not negotiable. The Greek people will defend it by all means. But participation in the euro involves rules and obligations, which we must consistently meet. Greece belongs to Europe and Europe cannot be envisaged without Greece. view quote