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Lucas Papademos

Lucas Papademos Books

Former Prime Minister of Greece

Lucas Papademos, born on October 11, 1947, is a former Prime Minister of Greece. He has extensive experience in the Greek and international financial sectors, having held senior positions in institutions such as the European Central Bank and the National Bank of Greece.

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“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.”

Years Country Problem Government Given Effort Crisis Financial Size Storm Passing Passings Our Country Financial Crisis Insistence

Author:Lucas Papademos

“More cuts were needed to avoid exiting the eurozone.”

Cutting Needed Eurozone

Author:Lucas Papademos

“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 Growth Conditions Guarantees Stability Monetary Euro Membership

Author:Lucas Papademos

“The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.”

Should Government Temporary Sovereign Intervention Bond Market

Author:Lucas Papademos

“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.”

People Mean Position Europe Obligation Greek Consistently Participation Greece Euro

Author:Lucas Papademos

“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.”

Way Happens Surprise One Way Greek Default

Author:Lucas Papademos

“I thank all of those deputies who supported the government and gave it a vote of confidence. I believe each of those votes represents a responsible decision to avoid placing our country's membership of the eurozone in danger.”

Believe Country Government I Believe Decision Danger Vote Responsible Our Country Membership Deputies Eurozone

Author:Lucas Papademos

“I take office during the most difficult moment in the country's recent history. The country can be saved - it's up to us. I think it is obvious for those who support this government to undertake the commitment and ensure that our country's euro membership is not endangered.”

Thinking Country Moments Government Difficult Support Office Commitment Obvious Saved Our Country Euro Membership Difficult Moments

Author:Lucas Papademos

“The new co-operation government will do the best it can to address the country's problems, and I believe that with the co-operation of all - and the new government stresses this - and the unity of all, we will achieve that.”

Believe Country Problem Government I Believe Achieve Stress Unity Operations Addresses Do The Best New Government

Author:Lucas Papademos

“The government is determined to continue the process of fiscal consolidation and structural reform in order to secure sound public finances and improve the country's international competitiveness.”

Country Government Order Process Sound International Determined Finance Secure Reform Competitiveness Consolidation

Author:Lucas Papademos

“I think the facts reveal that the European partners have taken extraordinary measures to help Greece address its problems.”

Thinking Facts Helping Problem Taken Extraordinary Partners Addresses Greece

Author:Lucas Papademos

“We must all assume out responsibilities to take the country forward.”

Country Responsibility Assuming

Author:Lucas Papademos

“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.”

People Thinking Past Order Strong Social Realizing Practice Support Economy Policy Changed Increase Majority Convinced Despite Greek Tension Pursued Prospects

Author:Lucas Papademos

“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.”

People Thinking Way Belief Share Achieve Areas Fundamentals Convinced Permanent Greek Euro Competitiveness Consolidation

Author:Lucas Papademos

“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.”

Thinking Should Has Beens Order Process Support Economy Greek Outcomes Sufficient Fund Summit Involvement Private Sector Euro

Author:Lucas Papademos

“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 expert performance and sustaining growth in a way that is more sound and more permanent.”

Thinking Way Sound Growth Gains Labor Performances Bases Reform Combination Permanent Improving Unemployment Reducing Adjustment Sustaining

Author:Lucas Papademos

“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.”

Years Ends Effort Gains Rate Temporary Greece Adjustment Euro Competitiveness

Author:Lucas Papademos

“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.”

Ifs Way Problem Jobs Easy Unity Convinced Efficient Consensus

Author:Lucas Papademos

“I think it's often discussed that leaving the Euro is an option for Greece. I think this is really not an option.”

Thinking Leaving Greece Euro

Author:Lucas Papademos

“The participation of our country in the eurozone is a guarantee for the country's monetary stability. It is a driver of financial prosperity.”

Country Financial Prosperity Our Country Guarantees Drivers Stability Participation Monetary Eurozone Financial Prosperity

Author:Lucas Papademos

“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.”

Thinking Should Important Country Political Environment Economic Policy Particular Judging Accounts Appropriate Framework Economic Policy Political Environment

Author:Lucas Papademos

“Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.”

Government Policy Achievement Assuming Objectives Funding Facilitate

Author:Lucas Papademos

“Delays in granting of justice very often reduce the speed with which investment could be undertaken, discouraging investors.”

Justice Investment Speed Investors Delay Discouraging

Author:Lucas Papademos

“Greece could default on its debts and even exit currency bloc if it cannot deliver reforms.”

Ifs Debt Reform Currency Greece Exit Default

Author:Lucas Papademos

“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.”

People Thinking Important Problem Political Force Lines United Effort Overcoming Crisis Debt Greek Addresses Competitiveness

Author:Lucas Papademos

“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.”

Ifs Way Made Problem Choices Easy Policy Impact Unity Operations Greek Crucial Consensus Greece Wellbeing Crossroads Way Forward

Author:Lucas Papademos

“Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.”

Ifs Problem Difficult Members Greece Eurozone

Author:Lucas Papademos

“I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe.”

Economic Policy Politician Europe Dedicated Greece Economic Policy Professional Life

Author:Lucas Papademos

“I think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth...”

Thinking Important Growth Environment Achieve Conditions Higher Stability Restoring

Author:Lucas Papademos

“Our eurozone partners have made it clear: The choice is between staying in or getting out of the eurozone.”

Made Choices Clear Partners Made It Staying Eurozone

Author:Lucas Papademos

About the Author

Born: October 11, 1947
Known for: Former Prime Minister of Greece
Quotes: 30

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