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Wealth & Money Quote by Lucas Papademos

"I am convinced that the public, large majority of the Greek people, realize that policies pursued in the past and the market practices have to be changed, in order to improve the prospects of the Greek economy. So there is, I think, strong public support despite the increases in social tensions"

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Papademos is doing the classic technocrat two-step: acknowledging pain while laundering it into inevitability. The sentence is packed with softeners ("I am convinced", "I think") that sound humble but function as insulation. He isn’t presenting evidence; he’s pre-empting dissent by declaring a consensus already formed in the minds of "the large majority". That phrase is political anesthesia: if most people supposedly agree, protest becomes a fringe impulse rather than a democratic signal.

The intent is to frame austerity-style reform as both necessary and popularly mandated, even as "social tensions" rise. Notice how the tensions are grammatically subordinated, treated as an unfortunate side effect rather than a competing priority. The causal chain is moralized: "policies pursued in the past" and "market practices" are cast as errors that must be corrected, implying that hardship now is the price of earlier irresponsibility. It shifts the story from power and distribution to housekeeping.

Context matters: Papademos entered office amid Greece’s debt crisis, with EU/IMF pressure and intense street opposition. As a central banker-turned-prime minister, his credibility depends on sounding steady, managerial, above the mess. The subtext is an appeal to external audiences as much as domestic ones: markets, creditors, European partners. "Strong public support" reads like a reassurance memo that the state can still deliver compliance.

It’s persuasive because it borrows democratic language to sell policies often experienced as post-democratic: decisions made under constraint, then retrofitted with the claim that the public already understands.

Quote Details

TopicVision & Strategy
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Citation Formats

APA Style (7th ed.)
Papademos, Lucas. (2026, January 16). I am convinced that the public, large majority of the Greek people, realize that policies pursued in the past and the market practices have to be changed, in order to improve the prospects of the Greek economy. So there is, I think, strong public support despite the increases in social tensions. FixQuotes. https://fixquotes.com/quotes/i-am-convinced-that-the-public-large-majority-of-87303/

Chicago Style
Papademos, Lucas. "I am convinced that the public, large majority of the Greek people, realize that policies pursued in the past and the market practices have to be changed, in order to improve the prospects of the Greek economy. So there is, I think, strong public support despite the increases in social tensions." FixQuotes. January 16, 2026. https://fixquotes.com/quotes/i-am-convinced-that-the-public-large-majority-of-87303/.

MLA Style (9th ed.)
"I am convinced that the public, large majority of the Greek people, realize that policies pursued in the past and the market practices have to be changed, in order to improve the prospects of the Greek economy. So there is, I think, strong public support despite the increases in social tensions." FixQuotes, 16 Jan. 2026, https://fixquotes.com/quotes/i-am-convinced-that-the-public-large-majority-of-87303/. Accessed 21 Feb. 2026.

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Lucas Papademos

Lucas Papademos (born October 11, 1947) is a Politician from Greece.

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