Lucas Papademos Quotes

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

Fiscal policy is not just, or even not even principally, the purview of the president.

Gradual fiscal consolidation may also be stimulative in the short run.

If we don't get a grip on government spending, there will be no growth.

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.

We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.

We are in a bit of a policy box and it's going to require us being willing to give up one of the two, which is it's okay to take on more deficits but lets put in some massive spending. Alternatively to say, 'we're going to go through structural unemployment for a while because we want to address deficits.'

It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.

The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.

Fiscal discipline can turn the economy around.

My priority is my economy minister mandate and to create momentum.

Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with the optimal mix depending on country-specific circumstances.

The Obama administration's large and sustained increases in debt raise the specter of another financial crisis and large future tax increases, further chilling business investment and job creation.

Look, I don't dispute that the deficit has increased.

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

Fiscal discipline is a priority in Romania, and we have already proven we are committed and able to make real progress in this area.

The American people reject the idea of giving Washington a blank check to increase the debt limit.

Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes.

Defense spending as a share of the economy dropped significantly during the early 1990s, and that was one of the things, along with other policy changes, that put us back on the path to a balanced budget.

What's hurting the U.S. economy is total government spending. The deficit is an indicator that the government is spending so much money that it can't even get around to stealing all of the money that it wants to spend. But the tip of the iceberg is not what hit the Titanic - it was the 90 percent of the iceberg under water.

You cannot spend your way out of recession or borrow your way out of debt.

Obama hasn't passed a budget in four years, he's a wuss. Obama has rejected the recommendation of his own Simpson-Bowles, on a budget package, he's a wuss. He wants to lead from behind, he's a wuss!

If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.

We plan to spend 20 billion lari ($12 billion) from the budget in the next four years on implementation of all tasks presented in our new programme.

I don't want the federal government to rush in and bail the out right away.