A Quote by George Papandreou
Markets are saying pretty much what I'm saying too: that Greece is doing what it can, but that Greece is not going to be able to carry the weight of all of Europe and the other problems that Europe has.
Related Quotes
Our position in Europe is not negotiable. The Greek people will defend it by all means. But participation in the euro involves rules and obligations, which we must consistently meet. Greece belongs to Europe and Europe cannot be envisaged without Greece.
It is time to recognise that austerity alone condemns not just Greece but the whole of Europe to the probability of a painful and protracted era of little or no economic growth. This would be a tragedy not just for Greece and for Europe, but for the world.
Greece has given Europe the opportunity to fix a defect in the euro zone, that is the fact that we did not have a fiscal union. Now steps have been taken to begin that process. And there is more solidarity from nation to nation, and that is a good thing. That has been Greece's gift to Europe.
There remain of Europe, first, Macedonia and the part of Thrace that are contiguous to it and extend as far as Byzantium; secondly, Greece; and thirdly, the Islands that are close by. Macedonia, of course, is a part of Greece, yet now, since I am following the nature and shape of the place geographically, I have decided to classify it apart from the rest of Greece and to join it with that part of Thrace.
As an observer of markets - whenever everyone focuses on one thing - like Greece and Europe - maybe they miss issues that are far more important - such as a meaningful slowdown in India and China.
Greeks have to know that they are not alone ... Those who are fighting for the survivor of Greece inside the Euro area are deeply harmed by the impression floating around in the Greek public opinion that Greece is a victim. Greece is a member of the EU and the euro. I want Greece to be a constructive member of the Union because the EU is also benefiting from Greece.
I believe Europe is burning financially. Europe's problems are not going to go away. They are so structural. Yet, our problems are right behind them. We cannot just look at Europe.
Europe's budget plans are better designed: countries from France to Greece are raising retirement ages; others, from Britain to Germany, have created new organisations and rules to encourage fiscal probity. But Europe risks overkill.
Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe.
Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.
First of all, Greece won't go down. We're talking about a country that is capable of making change. Europe will not allow the destabilization of the 27-country euro zone. But if there were no action, then markets would start becoming jittery about other countries - and not only Spain and Portugal, but other countries in the European Union.
I know people are looking at what's happening in Washington and then they also look at events in Europe, in Greece and Portugal and other places and worry about that.
Greece's position in Europe will not be put in doubt.
I know people are looking at whats happening in Washington and then they also look at events in Europe, in Greece and Portugal and other places and worry about that.
If America isn't asking for Europe's help with New Jersey, why should Europe feel uninhibited about asking for America's help with Greece?
Like apples in a barrel infected by one rotten one, the corruption of Greece would infect Iran and all to the east. It would also carry infection to Africa through Asia Minor and Egypt, and to Europe through Italy and France, already threatened by the strongest domestic Communist parties in Western Europe. The Soviet Union was playing one of the greatest gambles in history at minimal cost. It did not need to will all the possibilities. Even one or two offered immense gains. We and we alone were in a position to break up the play.
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