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
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 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 Image
Delays in granting of justice very often reduce the speed with which investment could be undertaken, discouraging investors. — Lucas Papademos Copy Share Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
I think the facts reveal that the European partners have taken extraordinary measures to help Greece address its problems. — Lucas Papademos Copy Share Image
Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone. — Lucas Papademos Copy Share Image
