Famous quote by Lucas Papademos

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Dealing with Greeces problems will be more difficult if Greece is not a member of the eurozone
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"Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone"

- Lucas Papademos

About this Quote

This quote by Lucas Papademos suggests that Greece's financial problems will be more difficult to resolve if it is not a member of the eurozone. This suggests that the eurozone provides Greece with some type of economic stability and assistance that would be lost if it were to leave the eurozone. Papademos is likely referring to the reality that the eurozone offers Greece with access to the European Central Bank, which can supply monetary help and liquidity to assist Greece manage its financial obligation and other economic issues. Additionally, the eurozone offers Greece with access to the European Union's single market, which can assist Greece increase its exports and stimulate financial development. Therefore, Papademos is recommending that Greece's financial problems will be more difficult to resolve if it is not a member of the eurozone, as it would lose access to the economic stability and support provided by the eurozone.

About the Author

Lucas Papademos This quote is written / told by Lucas Papademos somewhere between October 11, 1947 and today. He was a famous Politician from Greece. The author also have 29 other quotes.

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