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 Copy Share Image
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… — Lucas Papademos Copy Share Image
And judging what is appropriate or not appropriate for a country, I think it is important in particular in judging what is the appropriate… — Lucas Papademos Copy Share
Delays in granting of justice very often reduce the speed with which investment could be undertaken, discouraging investors. — Lucas Papademos Copy Share
The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary. — Lucas Papademos Copy Share
In the 20 years before Greece end up with the Euro, efforts to improve competitiveness through exchange rate and adjustments resulted only in temporary… — Lucas Papademos Copy Share
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… — Lucas Papademos Copy Share
Our membership of the euro is a guarantee of monetary stability and creates the right conditions for sustainable growth. Our membership of the euro… — Lucas Papademos Copy Share
Greece is at a crucial crossroads. The choices that are made and the policies that are enforced will have a decisive impact on the… — Lucas Papademos Copy Share
A very difficult year is ahead of us. We must continue our efforts with decisiveness, to stay in the euro, to make sure we… — Lucas Papademos Copy Share
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 Copy Share
Our position in Europe is not negotiable. The Greek people will defend it by all means. But participation in the euro involves rules and… — Lucas Papademos Copy Share
I think the facts reveal that the European partners have taken extraordinary measures to help Greece address its problems. — Lucas Papademos Copy Share
Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone. — Lucas Papademos Copy Share
My job will not be easy but I am convinced the problems will be solved in a quicker and more efficient way if there… — Lucas Papademos Copy Share
I think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth. — Lucas Papademos Copy Share
Greece could default on its debts and even exit currency bloc if it cannot deliver reforms. — Lucas Papademos Copy Share
