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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.

Lucas Papademos
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Lucas Papademos's Popular Quotes

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 Greek…

- Lucas Papademos

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

- Lucas Papademos

More cuts were needed to avoid exiting the eurozone.

- Lucas Papademos

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 wil…

- Lucas Papademos

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

- 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.

- Lucas Papademos

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

- 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 i…

- 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.

- Lucas Papademos
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