Lucas Papademos: The financial market turmoil, the European economy, and the role of the European Central Bank Speech by Mr Lucas Papademos, Vice-President of the European Central Bank, at an event organised by The European Institute, New York, 27 September 2007. *  *  *  Ladies and Gentlemen, I.
Good, because some of the economic sectors, particularly agriculture, where we had been used to very low levels of productivity, would have to get its act together and quickly transform itself to new and better methods of resource use so as to do more with less!