Lucas Papademos Quotes

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

  Lucas Papademos

  Country, Guarantees, Financial

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• Greece is at a crucial crossroads. The choices that are made and the policies that are enforced will have a decisive impact on the wellbeing of Greeks. The way forward will not be easy but the problems can be solved, and will be solved, if there is unity, co-operation and consensus.

  Lucas Papademos

  Way Forward, Impact, Choices

  "Lucas Papademos to lead Greece's interim coalition government" by Helena Smith, www.theguardian.com. November 10, 2011.

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• 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.

  Lucas Papademos

  Jobs, Unity, Way

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

  Lucas Papademos

  Thinking, Leaving, Euro

  CNBC Transcript: CNBC'S Chief International Correspondent Michelle Caruso-Cabrera Speaks With Greek Prime Minister Lucas Papademos, www.cnbc.com. January 15, 2012.

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

  Lucas Papademos

  Problem, Members, Difficult

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

  Lucas Papademos

  Government, Sovereign, Should

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

  Lucas Papademos

  Choices, Made, Partners

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• 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.

  Lucas Papademos

  Country, Government, Years

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• More cuts were needed to avoid exiting the eurozone.

  Lucas Papademos

  Cutting, Needed, Eurozone

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• 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.

  Lucas Papademos

  Choices, Growth, Guarantees

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

  Lucas Papademos

  Thinking, Growth, Important

  "Cnbc’s Chief International Correspondent Michelle Caruso-Cabrera Speaks With Greek Prime Minister Lucas Papademos". Interview with Michelle Caruso-Cabrera, www.cnbc.com. January 15, 2012.

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• I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe.

  Lucas Papademos

  Europe, Politician, Economic

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• 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.

  Lucas Papademos

  Years, Effort, Gains

  "Cnbc’s Chief International Correspondent Michelle Caruso-Cabrera Speaks With Greek Prime Minister Lucas Papademos". Interview with Michelle Caruso-Cabrera, www.cnbc.com. January 15, 2012.

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• 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.

  Lucas Papademos

  Country, Thinking, Judging

  "Cnbc’s Chief International Correspondent Michelle Caruso-Cabrera Speaks With Greek Prime Minister Lucas Papademos". Interview with Michelle Caruso-Cabrera, www.cnbc.com. January 15, 2012.

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

  Lucas Papademos

  Government, Achievement, Assuming

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

  Lucas Papademos

  Reform, Debt, Exit

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• 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.

  Lucas Papademos

  Thinking, People, Political

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• Delays in granting of justice very often reduce the speed with which investment could be undertaken, discouraging investors.

  Lucas Papademos

  Justice, Delay, Speed

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• 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 expert performance and sustaining growth in a way that is more sound and more permanent.

  Lucas Papademos

  Thinking, Growth, Sound

  "Cnbc’s Chief International Correspondent Michelle Caruso-Cabrera Speaks With Greek Prime Minister Lucas Papademos". Interview with Michelle Caruso-Cabrera, www.cnbc.com. January 15, 2012.

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• 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.

  Lucas Papademos

  Thinking, Order, Support

  "Greek PM: Two Deals But No Drachma Ahead Cnbc’s Chief International Correspondent Michelle Caruso-Cabrera Speaks With Greek Prime Minister Lucas Papademos". Interview with Michelle Caruso-Cabrera, www.cnbc.com. January 15, 2012.

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• 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.

  Lucas Papademos

  Thinking, People, Greek

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• 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.

  Lucas Papademos

  Strong, Past, Thinking

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

  Lucas Papademos

  Country, Responsibility, Assuming

  "Lucas Papademos sworn in as Greece's prime minister" by Helena Smith, www.theguardian.com. November 11, 2011.

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

  Lucas Papademos

  Taken, Thinking, Addresses

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• 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.

  Lucas Papademos

  Country, Government, Order

  "General strike brings Greece to a surprisingly calm halt" by Helena Smith, www.theguardian.com. December 1, 2011.

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