Greece could default on its debts and even exit currency bloc if it cannot deliver reforms.
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 PapademosThe 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.
Lucas PapademosGovernments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.
Lucas Papademos