Papademosu se pripisuju zasluge za obaranje inflacije tokom njegovog mandata u centralnoj banci Grčke i pokušao je uvesti monetarnu disciplinu u zemlji koja je navikla na razuzdanu pretjeranu potrošnju.
Papademos gained credit for bring down rising inflation during his tenure at Greece's central bank and tried to impose monetary discipline on a country used to wild overspending.