Delays in granting of justice very often reduce the speed with which investment could be undertaken, discouraging investors.
Lucas PapademosIn 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 PapademosI think the facts reveal that the European partners have taken extraordinary measures to help Greece address its problems.
Lucas PapademosAnd judging what is appropriate or not appropriate for a country, I think it is important in particular in judging what is the appropriate economic policy framework, one should take into account the overall political environment and the institutional framework within which economic policy operates.
Lucas Papademos