Lucas Papademos Quotes

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

A very difficult year is ahead of us. We must continue our efforts with decisiveness, to stay in the euro, to make sure we do not waste the sacrifices and do not turn the crisis into an uncontrolled and disastrous bankruptcy.

One needs a comprehensive concept that decides just how much debt states like Greece, Ireland, Portugal, Spain and Italy can sustainably bear.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

I am confident that we can overcome this crisis, provided that we remain united in our effort to address our debt and competitiveness problems. And I think that the Greek people are united; it's important also that the political forces are united in line with the will of the Greek people.

The American people will eventually get hurt by this accumulated deficit. That's the problem. We have too much deficit. We have to find a solution.

The vast majority of Greeks accept the need for reform and want to keep our country inside the euro zone.

What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.

The Government has to stop borrowing as much money; if we don't, quite frankly New Zealand will be downgraded and interest rates will go up for all New Zealanders.

With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully.

I was elected by the people of Australia as Prime Minister of Australia. I was elected to do a job, I intend to continue doing that job. I intend to continue doing it to the absolute best of my ability. Part of that job has been to steer this country through the worst economic crisis the world has seen in 75 years.

The American people and American businesses are looking to the federal government to lead our nation on the path to economic recovery. It is time to stop splitting hairs. It is time to act.

We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis.

The financial crisis in our country is not a passing storm. Given the size of the problems, our national effort will not be completed in 2012. It will take many years and will require the efforts and insistence of several governments.

When I took over, the economy had almost collapsed. I told Malawians we needed to pass through difficult times. Two days ago I even cut my own salary by 30% to show we are making sacrifices.

The entire political elite has mismanaged the Indian economy for the last 50 years. You cannot solve a crisis that is borne as a symptom of mismanagement in just five minutes or in a week. It will involve significant sacrifices and pain, and I doubt that in India there is the political will to face the music.

Government bonds have basically been sold in the domestic market, so there is some sense of stability, but the amount of public debt is really severe... Japan must manage its finances with a sense of urgency.

Financial crises require governments.

What we collectively decide about how to bail out our economy, how to pull our economy out of a ditch and what rules we put in place to make sure this problem does not happen again, will shape our country for the next 50 years. This is it.

Not having a country with a financial crisis in the year is a pretty big deal to me. But something that didn’t happen is not something that people will focus on.

Let’s have a moratorium on press conferences …. Get off your asses and let’s do something and fix the biggest doggone crisis in the history of this country.

A lot of people are down on Bernanke, but in my view, he saved the nation.

The Netherlands has been severely hit by the debt crisis, and the solution is to lower taxes, get government finances in order, and make room for investment.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.