Loukas Papadimos

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Papadimos, 2007

Loukas Dimitrios Papadimos ( Greek Λουκάς Παπαδήμος [ luˈkas papaˈðimɔs ], English transcription Lucas Papademos ; born October 11, 1947 in Athens , Greece ) is a Greek economist and former Vice President of the European Central Bank . From November 10, 2011 to May 16, 2012, he was Greek Prime Minister and head of the then Greek transitional government .

Study and family

After graduating from Athens College in 1966, he went to study in the USA. He graduated from the Massachusetts Institute of Technology (MIT) with a bachelor's degree in physics (1970), a master's degree in electrical engineering (1972) and a doctorate in economics (1977).

His wife Jeanne HM Ingram, whose first name is often also called Sana, is a Dutch painter born in Indonesia. The two have been married since 1977 and have no children.

biography

From 1973 to 1975 Papadimos 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 became chief economist at the Federal Reserve Bank in Boston. From 1988 he held various positions at the Bank of Greece and was also a professor at the University of Athens . Papadimos is a member of the Academy of Athens . He had worked for the Bank of Greece since 1985, became its Vice-Governor in 1993 and took over its management a year later.

Governor of the Greek central bank

From 1994 to 2002 Papadimos was governor of the Bank of Greece, the Greek central bank. During his term of office, the transition from the Greek drachma to the euro took place . In this context, he has played an as yet unexplained role in disguising public budget balances with the help of investment bank Goldman Sachs . From 2002 to 2005 Mario Draghi was Vice President of Goldman Sachs International in Europe, who as a “partner” took care of “companies and sovereign states”. Draghi's department helped Greece to beautifulize its balance sheets and disguise national debt with the financial instrument swap .

From 1994 to 1998 Papadimos was a member of the Council of the European Monetary Institute, 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 by Vítor Constâncio after an eight-year term of office . In 2005 he described the risk of the American real estate market, a forecast that came true in 2007 . Until he was sworn in as Prime Minister in 2011, he held a visiting professorship at Harvard Kennedy School . His course there was titled The Global Financial Crisis: Political Answers and Challenges .

He occasionally advised the socialist government on economic issues and was also highly regarded in Germany. In June 2010, Prime Minister Papandreou offered him the post of finance minister, but he refused.

Prime Minister

After Papandreou announced his resignation in the context of the Greek financial crisis on November 6, 2011, the non-party Papadimos was sworn in as head of government of Greece on November 11, 2011.

In March 2012, the daily Ta Nea researched that Papadimos waived his salary due to the country's financial situation. In order not to fall under suspicion of populism, this was kept secret from even the closest employees.

After the parliamentary elections on May 6, 2012 , which did not produce a majority capable of governing, new elections had to be held under a technocratic government. Papadimos was therefore replaced by the previous chief administrative judge Panagiotis Pikrammenos as acting head of government.

Others

An attack was carried out on Papadimos on May 25, 2017; he was slightly injured.

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, Massachusetts Institute of Technology, 1977.
  • with Franek Rozwadowski: Monetary and Credit Targets in an 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 u. a .: 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.
  • with Paul De Grauwe (Ed.): 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? in AG Herrero u. a. (Ed.): Why price stability? , Materials for the first ECB Central Bank Conference, European Central Bank, Frankfurt am Main, November 2000.

Web links

Commons : Loukas Papadimos  - Collection of images, videos and audio files

Individual evidence

  1. ↑ Top banker Papademos should lead Greece out of the crisis , Spiegel Online November 10, 2011
  2. ↑ a b c CV on the website of the European Parliament
  3. ↑ a b Sana Ingram - the Dutch artist behind the success of Lucas Papademos , www.grreporter.info November 11, 2011 (English)
  4. ^ Harvard Kennedy School. Harvard University, accessed November 8, 2011 .
  5. ↑ Lucas Papademos: profile. The Telegraph, November 3, 2011, accessed November 8, 2011 .
  6. ^ Marc Roche: Union européenne - Goldman Sachs, la banque qui nous veut du bien. Le Monde , November 16, 2011
  7. ↑ Beat Balzli: How Goldman Sachs Helped Greece to Mask its True Debt Der Spiegel , February 8, 2010
  8. ↑ Stephen Foley: What price the new democracy? Goldman Sachs conquers Europe , The Independent , November 18, 2011
  9. ^ Nicholas Dunbar: Revealed: Goldman Sachs' mega-deal for Greece , Risk July 1, 2003
  10. ↑ How Greece fell for the secret loan from Goldman , Börse Express, March 7, 2012
  11. ^ Athens sober calculator , Spiegel online November 10, 2011
  12. ↑ a b Fast Finance Minister ( Memento from November 12, 2011 in the Internet Archive ), Tagesschau online November 10, 2011
  13. ↑ a b Everything, just not left taz November 7, 2011
  14. ↑ Change of government in Greece: Papandreou sacrifices his office Spiegel online November 7, 2011
  15. ↑ A banker is supposed to lead Greece online November 7, 2011
  16. ↑ Countdown to the changing of the guard Spiegel online November 8, 2011
  17. ^ Habemus Papademos sueddeutsche.de November 10, 2011
  18. ↑ Papadimos sees Greece at a crossroads nzz online November 10, 2011
  19. ↑ Papademos saves his salary Berliner Morgenpost March 3, 2012 (for a fee)
  20. ↑ Explosion in the car: Former Greek Prime Minister Papademos injured in attack , FAZ.net , May 25, 2017
predecessor Office successor
Giorgos A. Papandreou Prime Minister of Greece
2011–2012 		Panagiotis Pikrammenos
personal data
SURNAME Papadimos, Loukas
ALTERNATIVE NAMES Papademos, Lucas; Παπαδήμος, Λουκάς (Greek)
BRIEF DESCRIPTION Greek economist, Vice-President of the European Central Bank; Greek head of government (2011–2012)
DATE OF BIRTH October 11, 1947
PLACE OF BIRTH Athens , Greece