Home Banking & Finance Financial quotes of the month

Financial quotes of the month

by Executive Editors

“Let us not hide it, Europe may be swept away by the crisis if it doesn’t get a grip, if it doesn’t change. We don’t have the right to let such a disaster happen.”

Nicolas Sarkozy, French president

“The economic situation is worse than anyone imagines.”

Kamal al-Ganzouri, Egyptian prime minister

“Acting like everyone who’s been successful is bad and that everyone who is rich is bad — I just don’t get it.”

Jamie Dimon, chief executive officer of JP Morgan

“Iran is a major oil producer and any sanctions on our oil export will definitely harm the global market.”

Rostam Qasemi, Iranian oil minister

“Rick, I’ll tell you what: $10,000 bucks? Ten thousand bet?” 

Mitt Romney, Republican presidential candidate, to rival Rick Perry while arguing over whether Romney had once supported nationalized healthcare

“There is no truth to what has been said of an intention to restructure part of debts that are due on [Dubai government-related] companies in 2012.”

Sheik Ahmed bin Saeed al-Maktoum, chairman of Dubai’s Supreme Fiscal Committee

“I simply do not know where the money is.”

Jon Corzine, former chief executive officer of MF Global, in his testimony to Congress regarding $1.2 billion in missing customer funds

“Between 2010 and 2011, lending to the private sector surpassed investments in treasury bills.”

Riad Salameh, Lebanon’s central bank governor, on commercial bank lending

“We think this will encourage the establishment of more new companies in Dubai because it makes the regulations and business environment more attractive for foreign investors.”

Hamad M Buamim, director general of the Dubai Chamber of Commerce and Industry, on the new UAE company law

“It means that Libya’s government will now have full access to the significant funds needed to help rebuild the country.”

William Hague, Britain’s foreign secretary, on the UN Security Council’s unfreezing of Libyan central bank assets

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