Charles Dallara Quotes

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.

What Africa needs to do is to grow, to grow out of debt.

I am personally convinced - and I think the Greek people share this belief in a fundamental way - that we can achieve fiscal consolidation more effectively and we can restore competitiveness in a more fundamental and permanent way within the euro area than outside.

We only have a Plan A. The acceptance and full implementation of the existing plan, the so-called Plan A, is the best solution for Greece, for the euro zone and also for creditors and holders.

I see four principles as laying the foundations for the kind of economic recovery Europe needs: fairness, efficiency, solidarity and growth.

There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.

That a man should, but a few months since, confine himself from his creditors, and now on this occasion be able to advance half a million, is so extraordinary that it ceases to be a mystery. Everything he says, writes or does, is in reality the action of the ministry.

The Netherlands has been severely hit by the debt crisis, and the solution is to lower taxes, get government finances in order, and make room for investment.

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

It is certainly possible that the Greek economy can revive and achieve some growth over the years ahead.

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

I will continue to urge creditors to take the steps needed to put Greece on a path towards a durable economic recovery because it's in all of our interests that Greece succeeds.

The vast majority of Greeks accept the need for reform and want to keep our country inside the euro zone.

Imagine how much capital a country like Argentina might attract - if instead of defaulting seriatim and affecting a pose of anger toward creditors, it borrowed responsibly and honored its obligations.

A very difficult year is ahead of us. We must continue our efforts with decisiveness, to stay in the euro, to make sure we do not waste the sacrifices and do not turn the crisis into an uncontrolled and disastrous bankruptcy.

Reducing debt through budgetary consolidation is essential to restoring Europe's financial health.

One needs a comprehensive concept that decides just how much debt states like Greece, Ireland, Portugal, Spain and Italy can sustainably bear.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

I see nothing that points to a recession in Germany. But I see considerable long-term tasks ahead of us that have to do with markets regaining confidence in Europe and that have a lot to do with reducing debt.

We have made major reforms in Greece. When I took over after a landslide victory we had a mandate for change and I knew my major focus would be re-organizing the state.

I take office during the most difficult moment in the country's recent history. The country can be saved - it's up to us. I think it is obvious for those who support this government to undertake the commitment and ensure that our country's euro membership is not endangered.

The debt limits have to come down. The whole world of debt has to be changed as far as this country is concerned. We have to create jobs and we have to create them rapidly because if we don't things are just going to head in a direction that's going to be almost impossible to recover from.

Korea's early repayment of the full amount of loans from the IMF is a major milestone.

We don't want to go back to the same policies and the same practices that drove our economy into a ditch, that punished the middle class, and that led us to this catastrophe. We have to keep moving forward.

We believe that it is very important that we have hopefully averted what would have been the most substantial headwind of all, which is a default for the first time in our history, and that that will contribute to a more positive environment that we hope will allow for greater growth and job creation.