Greece economy quotes:

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For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default. -- Mohamed El-Erian
Some economists believe that the Greeks' work ethic and thrift can pull them through. But the classical virtues can do nothing to offset the dearth of innovation that plagues the economy. -- Edmund Phelps
I think the funds that have been pledged at Euro Summit, combined with the outcome of the private sector involvement process should be sufficient in order to support financially the Greek Economy. -- Lucas Papademos
Many have wondered if Greece's economy would get so bad that it would eventually break away from the Eurozone - a move that could encourage other countries to follow and therefore splinter the currency union. -- Jens Nordvig
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. -- Lucas Papademos
If we were going to default, we would have decided that many months ago. It would be wrong for the Greek economy, it would be wrong for the European economy, it would make things worse in the end. That's why we're taking the pain and making these structural reforms, and we're on target. -- George Papandreou
I think what is happening is I think first of all there is confidence in the U.K. economy. We're in a German rather than a Greek position in international financial markets, which is very positive and keeps our debt service costs down, and we're also beginning to see real evidence of rebalancing. -- Vince Cable
Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt. -- Douglas Wilder
We have a debt the size of our economy, which makes us look a lot like Greece. -- Mitch McConnell
You can't entirely compare between the United States and Greece for a range of reasons, not just because of the size of the economy. -- Barack Obama

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