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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.


Lucas Papademos


#am #area #belief #competitiveness #consolidation

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.


Lucas Papademos


#country #difficult #difficult moment #during #endangered

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.


Lucas Papademos


#believe #confidence #country #danger #decision

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.


Lucas Papademos


#combined #economy #euro #financially #funds

You can theorise about the options you have but in reality they are very specific.


Georgios A. Papandreou


#options #reality #specific #very #you

More cuts were needed to avoid exiting the eurozone.


Lucas Papademos


#cuts #eurozone #more #needed #were

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.


Lucas Papademos


#conditions #creates #euro #growth #guarantee

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.


Lucas Papademos


#default #expect #greek #happens #other

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


Lucas Papademos


#governments #interpreted #interventions #markets #perceived

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.


Lucas Papademos


#country #crisis #effort #efforts #financial