I think it's often discussed that leaving the Euro is an option for Greece. I think this is really not an option.
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 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 achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth...
Lucas Papademos