Yiannis Stournaras Quotes

I think the ethos for Gov. Romney is to use a whole variety of policies, of which tax policy is one, to try to raise the rate of growth. We've had a recovery from the financial crisis that would be well below what one might normally expect for a recovery from such a deep recession. And to counteract that we need better tax policy.

In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster.

We used to think that we could spend our way out of a recession…. I tell you in all candor that that opinion no longer exists.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

We simply can't spend our way out of a recession.

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.

Doing nothing and shrinking spending may save us public money in the short term but could cost us a great deal more over time as the recession takes hold for much longer.

So, for example, a country was into recession right after I was sworn in, a dot-com bust had taken place. Then the attacks of September the 11th, and then of course the great financial meltdown in the -the fundamental question facing any presidency is how do you deal with the hand you're dealt?

But despite historic levels of obstruction, President Obama was able to bring the economy back from the verge of a second Great Depression.

We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis.

The 2008 economic crisis and Great Recession forced widespread restructuring throughout the U.S. economy - not unlike a company gritting its teeth through a lifesaving bankruptcy.

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.

History shows that tax increases during a recession are a recipe for greater unemployment and economic loss.

The most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.

We find ourselves in a difficult situation in Europe. There's a crisis, weak growth, unemployment... my duty is to ensure that by the end of my mandate France is in a better state than it was at the beginning.

I worry about another leg down in the economies causing social disruption because deleveragings can be very painful - it depends on how they're managed.

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

The world has conducted a massive macro-economic experiment since the cataclysm of 2008. In Europe, the fans of austerity have had their chance, and the results have been a disaster.

Our first goal is to stop the recession and start with recovery.

I don't think it's the end of the world even if we have a recession. We'll pull back out of it again. No big deal.

Economic depression cannot be cured by legislative action or executive pronouncement.

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

The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies.

So my number one priority is to restore the Greek economy to an aggressive growth path.

The simple fact of the matter is, as I know everyone in this room knows, that the recession that this country faced when this President took office was the worst since the Great Depression.