Lucas Papademos Quotes

I will work to restore fiscal responsibility to our country's budget and to provide for a more robust economy.

Reducing debt through budgetary consolidation is essential to restoring Europe's financial health.

Without deficit reduction, we cannot have sustained economic growth.

Japan's future prospects depend on ensuring fiscal sustainability over the long term.

We have to reduce the burden placed on our economy by years of deficits and debt.

I mean, the fact of the matter is, Ohio 's coming back because we set a clear path, we cut taxes, we balanced our budget, we got credit upgrades when the whole rest of the world, including America, was being downgraded.

We cannot cut our way to prosperity.

Fiscal discipline can turn the economy around.

It certainly would be helpful going forward for deficit reduction efforts to focus on the medium term while not subtracting from the impetus we need to keep a fragile economy moving forward.

As always, it would be important to ensure that any fiscal policy changes did not compromise long-run fiscal sustainability.

Only one thing can save this country, and that's to get a handle on this deficit and debt issue.

The country needs fiscal discipline to build a strong economy and for social justice.

Not in the constitution, but I would propose a law to the French parliament that provides for reducing the budget deficit year by year, until we have reached a balanced budget by 2017.

If we are to maintain our position as a global economic leader, we've got to end the govern-by-crisis mentality that sets us back instead of moving us forward.

Sound public finances are the essential foundation on which to construct a better-balanced economy from the wreckage of Labour's boom and bust. But it is economic growth that will create the jobs and the prosperity for the future and enable us to pay down Labour's debt.

Without a doubt, first thing we should do is clean up our fiscal house, and that starts with balancing our budgets and digging out of this red ink. We cannot expect to continue in this fashion and remain the leader of the free world.

It's time for the sensible center to rise up and push for a rational approach to our fiscal challenges.

In fact, I think - our view of this is that while the agreement, the compromise did not achieve the kind of super-sized deficit reduction that we sought, it did end the uncertainty around the perception, the possibility that the United States might default on its obligations for its first time. That was a good thing.

In the medium and long term. Spain is solvent and able to pay its high debts. In the short-term, we have the capacity to meet our obligations.

I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down.

We agree with Simpson and Bowles and others who have looked at this. What's necessary is to stabilize the debt and then work from there. You can't balance the budget in the short term because to do that would be to ratchet down the economy.

We're focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important; secondly, keep growth rates high, very important.

No one, no social group, can today avoid the commitment to contribute to the clean up of public finances in order to prevent the financial collapse of Italy. The sacrifices will not be in vain, especially if the economy begins to grow again.

We had a $10 billion budget deficit when we got here in January of 2003. We cut that budget deficit; we did not raise taxes; we came back in '05, and we had an $8 billion surplus. That's how fast it can happen.

We have a spending problem, not a taxing problem. The less we spend, the more jobs we have the potential to create.