All Quotes

Europe's budget plans are better designed: countries from France to Greece are raising retirement ages; others, from Britain to Germany, have created new organisations and rules to encourage fiscal probity. But Europe risks overkill. ”

There are a lot of people who are moving from unemployment to disability rolls, and there are a lot of people who have been out of work for a long time who are unable to get jobs. And I think that from a long-term perspective, this is not just a human tragedy, but it's going to be a potentially big hit on the economy in the future. ”

I'm a classic English liberal. A classical liberal, which is different to the modern interpretation of liberal in America. ”

We have no idea in what way tomorrow's consumers will want to consumer their media. ”

I think Britain's economy has done extremely well from having the influx of talented people from around the world and from having an influx of people from the rest of the European Union. It's both evidence of how strong the British economy was - that's what drew people in - but it's also part of what's making the British economy work. ”

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

Governments need to lay out a credible path to reducing their deficits in the medium term, but without excessively enfeebling an already weak recovery. That means raising retirement ages and overhauling pensions; putting in place the budget rules and institutions that will curb future profligacy; and favouring spending cuts over tax increases. ”

Many European countries and Japan need to free their labour markets and liberalise services to boost productivity growth. ”

America should do more to fix the still-festering housing crisis and overhaul its training schemes so that high joblessness does not become entrenched. Hunkering down for austerity is not enough. The rich world needs a strategy for growth. ”

The IMF played crucial roles in the 1980s debt crisis and in the transformation of former communist economies. Radical change, many might argue, is neither necessary nor desirable. ”