Lucas Papademos Quotes

We must all assume out responsibilities to take the country forward.

The new co-operation government will do the best it can to address the country’s problems, and I believe that with the co-operation of all – and the new government stresses this – and the unity of all, we will achieve that.

The government is determined to continue the process of fiscal consolidation and structural reform in order to secure sound public finances and improve the country’s international competitiveness.

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.

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

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.