Lucas Papademos
Lucas Papademos
Lucas Demetrios Papademosis a Greek economist who was the Prime Minister of Greece from November 2011 to May 2012, leading a provisional government in the wake of the Greek debt crisis...
NationalityGreek
ProfessionPolitician
Date of Birth11 October 1947
country responsibility assuming
We must all assume out responsibilities to take the country forward.
strong past thinking
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.
thinking people greek
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.
thinking order support
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 growth reform
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.
debt exit reform
Greece could default on its debts and even exit currency bloc if it cannot deliver reforms.
years effort gains
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.
way-forward impact choices
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.
problem members difficult
Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.
europe politician economic
I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe.
thinking growth important
I think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth.
choices made partners
Our eurozone partners have made it clear: The choice is between staying in or getting out of the eurozone.
country government years
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.
cutting needed eurozone
More cuts were needed to avoid exiting the eurozone.