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 Read 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. Lucas Papademos Read 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. Lucas Papademos Read 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. Lucas Papademos Read 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. Lucas Papademos Read Quote
I think the facts reveal that the European partners have taken extraordinary measures to help Greece address its problems. Lucas Papademos Read 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. Lucas Papademos Read Quote
I think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth. Lucas Papademos Read Quote
Greece could default on its debts and even exit currency bloc if it cannot deliver reforms. Lucas Papademos Read Quote
