Lucas Papademos
Lucas Papademos
Lucas Demetrios Papademosis a Greek economist who was the Prime Minister of Greece from November 2011 to May 2012, leading a provisional government in the wake of the Greek debt crisis...
NationalityGreek
ProfessionPolitician
Date of Birth11 October 1947
Lucas Papademos quotes about
government sovereign should
The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.
choices growth guarantees
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.
choices made partners
Our eurozone partners have made it clear: The choice is between staying in or getting out of the eurozone.
problem members difficult
Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.
way-forward impact choices
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.
strong past thinking
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.
taken thinking addresses
I think the facts reveal that the European partners have taken extraordinary measures to help Greece address its problems.
greek way surprise
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.
government achievement assuming
Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.
continue disastrous efforts sacrifices stay sure turn waste year
A very difficult year is ahead of us. We must continue our efforts with decisiveness, to stay in the euro, to make sure we do not waste the sacrifices and do not turn the crisis into an uncontrolled and disastrous bankruptcy.