"So it won't be a surprise when the Greek default actually happens and we expect it one way or the other to be relatively soon"

This quote by Lucas Papademos recommends that a Greek default looms and will happen in the near future. This is a warning to those who have purchased the Greek economy, as it indicates that they ought to prepare for the possibility of a default. Papademos is likely describing the Greek federal government's inability to pay its debts, which has been a major problem for the nation for many years. This quote likewise implies that the Greek federal government is aware of the situation and is anticipating a default to occur soon. This might be a sign that the federal government is taking actions to alleviate the impacts of a default, such as restructuring its debt or looking for help from other countries. Ultimately, this quote functions as a tip that a Greek default is likely to take place quickly which financiers should be gotten ready for the effects.