#greece

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. ↗

— John Major

#banking #bonds #could #create #crisis

Albania, Macedonia and Greece have managed to create a good partnership in the south of the Continent and are making progress in blocking the spread of the conflict. But any spillover could destroy this European-oriented partnership and create problems for the European Union countries themselves. ↗

— Fatos Nano

#any #blocking #conflict #continent #could

In the 20 years before Greece end up with the Euro, efforts to improve competitiveness through exchange rate and adjustments resulted only in temporary gains of competitiveness. ↗

— Lucas Papademos

#competitiveness #efforts #end #euro #exchange

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. ↗

— Lucas Papademos

#cannot #consistently #defend #envisaged #euro

If Greece had gone through a very normal political life, I may have not been in politics. But just the fact that I lived through huge upheavals and very difficult struggles and polarisation and the barbarism of dictatorships - that made me feel that we had to change this country. ↗

— Georgios A. Papandreou

#been #change #country #dictatorships #difficult

The Greek people today voted for Greece to remain on its European path and in the eurozone. ↗

— Antonis Samaras

#eurozone #greece #greek #greek people #path

The seven wise men of Greece, so famous for their wisdom all the world over, acquired all that fame, each of them, by a single sentence consisting of two or three words. ↗

— Robert South

#consisting #each #fame #famous #greece

The goal of the government is to guarantee the place of Greece in the eurozone against those who want to undermine it. ↗

— Yiannis Stournaras

#eurozone #goal #government #greece #guarantee

Not much has been written about the Nereids of modern Greece. Wherever there is a warm, healing stream they believe that it flows from the breasts of the Nereids. ↗

— James Theodore Bent

#been #believe #breasts #flows #greece

England and Greece are friends. English blood was shed on Greek soil in the war against fascism, and Greeks gave their lives to protect English pilots. ↗

— Melina Mercouri

#blood #england #english #fascism #friends