Phrase by 'Lucas Papademos'
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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.
Author: Lucas Papademos - Greek PoliticianDifficult , Us , Stay , Ahead
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.
Author: Lucas Papademos - Greek PoliticianOnly , Right , Choice , Growth
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.
Author: Lucas Papademos - Greek PoliticianUp , Only , End , Temporary
I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe.
Author: Lucas Papademos - Greek PoliticianLife , I Am , Professional , Economic
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.
Author: Lucas Papademos - Greek PoliticianEffort , Problems , Country , Storm
Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.
Author: Lucas Papademos - Greek PoliticianAlways , Will , Expect , Achievement
More cuts were needed to avoid exiting the eurozone.
Author: Lucas Papademos - Greek PoliticianMore , Were , Avoid , Needed
The participation of our country in the eurozone is a guarantee for the country's monetary stability. It is a driver of financial prosperity.
Author: Lucas Papademos - Greek PoliticianCountry , Our , Financial , Participation
The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.
Author: Lucas Papademos - Greek PoliticianShould , Bond , Sovereign , Temporary
Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.
Author: Lucas Papademos - Greek PoliticianMore , Will , Difficult , Problems
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