Lucas Papademos
Loukas Papademos Dimitrios (Greek Λουκάς Παπαδήμος [ lukas papaðimɔs ], English transcription Lucas Papademos, born October 11, 1947 in Athens, Greece) is a Greek economist and former vice-president of the European Central Bank. He was on 10 November 2011 to May 16, 2012 Greek Prime Minister and leader of the then Greek transitional government.
Studies and family
After graduating from the Athens College in 1966 he went to study in the United States. He studied at the Massachusetts Institute of Technology (MIT ), he graduated with a bachelor's degree in physics (1970 ), a Master in Electrical Engineering ( 1972) and a PhD in Economics (1977).
His wife Jeanne H. M. Ingram, whose first name is as often called Sana, born in Indonesia is a Dutch painter. The two have been married since 1977 and have no children.
Biography
From 1973 to 1975 Papademos was a research assistant and lecturer at the Massachusetts Institute of Technology (MIT) from 1975 to 1984 he was Professor of Economics at Columbia University. In 1980 he was senior economist at the Federal Reserve Bank of Boston. From 1988, he held various positions at the Bank of Greece and was a professor at the University of Athens. Papademos is a member of the Academy of Athens. Since 1985 he worked for the Bank of Greece, in 1993 the Lieutenant Governor was and took over a year later the line.
Governor of the Greek central bank
From 1994 to 2002, Papademos Governor of the Bank of Greece, the Greek central bank. During his tenure, the transition from the Greek drachma to the euro fell. In this context, he played a still unexplained role in the concealment of the public budget balances with the help of investment bank Goldman Sachs. From 2002 to 2005, Mario Draghi Vice President of Goldman Sachs International in Europe, who took care of as a " partner " to " companies and sovereign states ". Draghi's department helped Greece with the financial instrument swap to beautiful with its balance sheets and to conceal debt.
From 1994 to 1998 Papademos was a member of the Council of the European Monetary Institute, and from 1999 a member of the General Council of the European Central Bank. From 2002 to 2010 he was Vice- President of the European Central Bank, where he was replaced as scheduled after eight years in office, Vítor Constancio. In 2005 he described the risk of the U.S. real estate market, a forecast that then arrived in 2007. Until his swearing in as prime minister in 2011, he held a visiting professorship at the Harvard Kennedy School. His course had dortiger the title The Global Financial Crisis: Policy Responses and Challenges.
He advised the socialist government occasionally on economic issues and also enjoys high reputation in Germany. In June 2010, Prime Minister Papandreou offered him the post of Minister of Finance, but he refused. After the resignation announcement by Papandreou during the financial crisis in Greece, on 6 November 2011, the non-party Papademos was sworn in on 11 November 2011 as the head of government of Greece.
In March 2012, researched the daily Ta Nea that Papademos renounced his salary due to the financial situation of the country. In order not to be suspected of populism, this was kept secret even from close associates.
After the general election on 6 May 2012, which had provided no working majority, re- election under a technocratic government had to be carried out. Papademos was therefore replaced by the previous top administrative judge Panagiotis Pikrammenos as Acting Prime Minister.
Publications (selection)
- With Franco Modigliani: Targets for Monetary Policy in the Coming Year. In: Brookings Papers on Economic Activity 1, 1975, pp. 141-165.
- Optimal Aggregate Employment Policy, PhD thesis, Massachusetts Institute of Technology, 1977.
- With Franek Rozwadowski: Monetary and Credit targets in at Open Economy. In: DR Hodgman (ed.): The Political Economy of Monetary Policy. National and International Aspects, conference materials No. 26, Federal Reserve Bank of Boston. 1983, pp. 275-306.
- With Tommaso Padoa -Schioppa, among other things: Efficiency, Stability and Equity. A Strategy for the Evolution of the Economic System of the European Community. Oxford and New York: Oxford University Press, 1987.
- Paul De Grauwe with (eds.): The European Monetary System in the 1990s. London and New York: Longman, 1990.
- With George Alogoskoufis and R. Portes (eds.): External Constraints on Macroeconomic Policy. The European Experience. Cambridge: Cambridge University Press, 1991.
- Why Price Stability? inter alia, in A. G. Herrero (Ed.): Why Price Stability, materials for first ECB Central Banking Conference, European Central Bank, Frankfurt am Main, November 2000? .