Greek - Politician | October 11, 1947 -
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
LifeI AmProfessionalPolicyEurope
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.
StormEffortProblemsFinancialWill
Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.
AchievementWillAlwaysPolicy
More cuts were needed to avoid exiting the eurozone.
MoreAvoidWereNeededCuts
The participation of our country in the eurozone is a guarantee for the country's monetary stability. It is a driver of financial prosperity.
FinancialCountryProsperityDriver
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.
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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.
GrowthChoiceRightStabilityOnly
The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.
BondTemporaryShouldMarkets
Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.
ProblemsWillMoreDifficultGreece
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.
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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.
JobI AmUnityProblemsEasyWay
Our position in Europe is not negotiable. The Greek people will defend it by all means. But participation in the euro involves rules and obligations, which we must consistently meet. Greece belongs to Europe and Europe cannot be envisaged without Greece.
PeopleRulesMeetWillParticipation
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