Charles Dallara Quotes

The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.

As austerity measures were foisted upon Greece, Ireland, Portugal, and other highly indebted countries, growth was rendered even more elusive, aggravating unemployment

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.

It is better to implement reforms in times of economic strength.

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

Gradual fiscal consolidation may also be stimulative in the short run.

If we don't get a grip on government spending, there will be no growth.

When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.

The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You've got to spend money.

Austerity policy without currency devaluation can only hamper economic growth.

Austerity is not part of the European treaties; democracy and the principle of popular sovereignty are.

Instead of focusing on growing jobs and reigniting our economy, President Obama focused on growing government and tried to remake the United States into the image of the debt-laden countries of Europe. His approach has been more spending, more regulation, and higher taxes.

The caricature of what George Osborne is doing on the fiscal side is absurd. If you read some of the commentary, particularly from the left, you would think he was turning the clock back to the 1930s.

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.

If the program goes off track again due to recession, this should not become a pretext for the imposition of more austerity measures.

We cannot cut our way to prosperity.

We need to show that Europe is investing in growth and not only in rigor and austerity.

Fiscal discipline can turn the economy around.

If, before 2020, there is a choice between further spending cuts, more borrowing and tax rises, the priority must be to avoid tax increases. They would disrupt consumption, employment and investment.

Since taking office in 2008, the Barrow Administration failed to stimulate the necessary economic growth. Instead they have, over the more than four years, continued on a path of borrow and spend, accumulating huge additional debts.

Making economic policy isn't a popularity contest, especially when financial markets are in a panic.

Eventually, the economy will work well when you reduce subsidies. People have got used to getting some handouts from governments.

For too long, our nation has relied on low interest rates rather than undertaking the necessary long term necessary economic reforms.

At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.

The BBC is locked to the reading of the economy that is run out of Ed Miliband and Ed Balls' office. They think if only you spend and borrow more money you can create growth everywhere.