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 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 PapademosGreece could default on its debts and even exit currency bloc if it cannot deliver reforms.
Lucas PapademosSo 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