Lawrence Eagleburger Quotes

Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.

When nations are willing to undertake serious economic reform, we should help them to do it.

It is rather unusual for Italy to be at the forefront of pro-market initiatives.

France's economy is stagnant, statist, and uncompetitive and urgently needs reform.

I think a major cause of present Asian economic difficulties that mainly come from, you know, lack of market economy.

We are on the our way to a free market economy. Regardless of the mistakes and omissions, the government has managed to implement a firm and consistent economic policy. Regardless of how incomplete it still is, the transition to free market relations and democracy has become irreversible.

I want to change Italy and get the economy back on track.

Neoliberalism became the leading economic ideology in the U.S. and in the U.K. during Ronald Reagan's and Margaret Thatcher's mandates. In this way, the leaders of the free world offered a viable solution to the economic crisis at the time: competition, deregulation, outsourcing, to name a few buzz words that have since become common place.

If I take you back to the Nineties, our party came up with very bold reforms in the country, economic reforms. They were really revolutionary reforms.

Geoffrey Howe's Budget of 1981 is remembered for transforming the economy and delivering economic freedoms to families and businesses.

In the early 1990s, there was a debate among economists over shock therapy versus a gradualism strategy for Russia. The people in Russia who believed in shock therapy were Bolsheviks a few people at the top that rammed it down everybody's throat. They viewed the democratic process as a real impediment to reform.

No amount of debt restructuring, even debt forgiveness, will help the Greeks achieve real prosperity. What they need is not short-term relief but, rather, a long-term cure.

Essentially we need a new social consensus for economic reform as New Labour has achieved in Britain.

The reform of state industry, and most directly related to that, the banking sector, is enormously daunting.

The challenge as we saw in the Nigerian project was to restructure the economy decisively in the direction of a modern free market as an appropriate environment for cultivation of freedom and democracy and the natural emergence of a new social order.

I think there is a shared sense of urgency in Washington on fiscal issues.

During the 1990s the United States sought to impose the 'Washington Consensus' on Latin American governments. It embodied what Latin Americans call 'neo-liberal' principles: budget cuts, privatization, deregulation of business, and incentives for foreign companies. This campaign sparked bitter resistance and ultimately collapsed.

The government is determined to continue the process of fiscal consolidation and structural reform in order to secure sound public finances and improve the country's international competitiveness.

Our problem is not adopting reforms, which we will do without question. It is not reaching an objective, which we will meet. But it is finding an end to the recession.

Poland is much more advanced than Romania in structural reforms.

So now we are pushing economic reform, bank reform and enterprise reform. So we can finish that reform this year, in September or October. Then our economy may be much more, you know, normalized.

The Prime Minister in the UK thinks spending and borrowing more is the right thing to do in the circumstances, and is busily trying to bail out chunks of the private sector which would otherwise have to adjust more quickly to the painful reality that we have been living beyond our means.

We all have our problems and we are working to find a solution to ours and also to help the eurozone. We expect that other countries should do the same, that they be prudent in their statements.

Obviously, there has to be a profound change in direction. Otherwise, interest on the national debt will start eating up virtually every penny that we have.

When I took over, the economy had almost collapsed. I told Malawians we needed to pass through difficult times. Two days ago I even cut my own salary by 30% to show we are making sacrifices.