"I think the facts reveal that the European partners have taken extraordinary measures to help Greece address its problems"
- Lucas Papademos
About this Quote
This quote by Lucas Papademos suggests that the European partners have actually taken substantial steps to help Greece in resolving its financial issues. He thinks that the realities show that the European partners have actually gone above and beyond to assist Greece. This might be in the type of financial aid, financial obligation restructuring, or other measures. Papademos is likely referring to the European Union's bailout of Greece in 2010, which provided the nation with a EUR110 billion loan package. This was followed by a 2nd bailout in 2012, which offered Greece with an extra EUR130 billion. These procedures were required to help Greece address its financial issues and prevent it from defaulting on its financial obligation. Papademos' quote is a testament to the European Union's dedication to assisting Greece in its time of need.
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