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. Lucas Papademos adjustmentcompetitivenesseffort Change image and share on social
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. Lucas Papademos changeconvinceeconomy share on social
I think the facts reveal that the European partners have taken extraordinary measures to help Greece address its problems. Lucas Papademos addresseuropeanextraordinary Change image and share on social
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 combineeconomyeuro Change image and share on social
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 achieveareabelief share on social