Wolfgang Schauble Quotes

The IMF is set up to deal with liquidity crises.

I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.

I do wish that the IMF and the World Bank would disappear soon.

Sometimes it takes a crisis for people to agree that what is obvious and should have been done years ago, can no longer be postponed. We must create a new international financial architecture for the global age.

In China, it was always said that a double-digit rate of growth would be dangerous. Now, the country has a growth rate of 6.9 percent and suddenly that is supposed to be a catastrophe for the global economy.

I don't think anybody really thinks that one should get rid of the World Bank. Reform is one thing, but getting rid of it I think would be wrong.

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

The stability of global financial markets is a public good. If governments fail to protect this public good, then those who suffer are the working people of the world whose jobs, whose homes, and whose standard of living depends on it.

I have full confidence in the IMF. It is a very strong international institution.

The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.

In my view, Asian countries have learnt the lessons from the past and significantly enhanced their capabilities to fend off risks.

America knows it has got to deal with its deficit problems so that it, too, can promise it is making its proper and best contributions to the world economy.

People in all walks of life, and especially business, do not want to experience the collapse of cities like New York along with global finance and economy in chaos, but this is what business faces if we continue to attribute climate change to fossil fuels alone.

Fortunately, when Korea was struck by the 1997/8 financial crisis, that was a good opportunity for us to engage in fundamental reforms and strengthen our financial structure. As a result, our financial regulatory structure and regime have been very much strengthened.

But the world is ever more interdependent. Stock markets and economies rise and fall together. Confidence is the key to prosperity. Insecurity spreads like contagion. So people crave stability and order.

Any new financial order for the world must tackle the three chief challenges of our age.

The role of G-20 is to support the global economy to achieve strong, sustainable and balanced growth.

Well, Mark, I led the charge for five or six years to get reforms for Fannie Mae and Freddie Mac. I was chairman of an organization called 'FM Policy Focus.' What we were saying was, if there was blip in the housing market, Fannie and Freddie would destabilize the greatest economy in the world.

Fixing health care and fixing the economy are two sides of the same coin.

I’ll be damned if I will accept another package of economic policies perpetuate the same crisis. This is not what I was elected for.

Should we think about separating the investment banks from the commercial banks, a new Glass-Steagall? I would be really excited to see that. I think it would be great for the economy.

To ensure stable and sustainable economic growth, world leaders must re-examine the international rules of the monetary game, with advanced and emerging economies alike adopting more mutually beneficial monetary policies.

Why is it so hard for the IMF and the U.S. government to understand that putting out the fire comes before fireproofing the building?

What I'm asking for is a new economic order. I don't know how to construct that; I'm not an economist.

I don't think Congress, in general, has done a good job articulating to the American public how inextricably linked our credit markets are to our entire economic system.