“The biggest headwind the American economy is facing right now is uncertainty about Europe.”
Barack Obama, president of the United States
“Lebanon will not be affected by a recession in Europe as the Lebanese economy essentially is dollarized.”
Riad Salameh, governor of the Lebanese central bank
“You want to look for countries with relatively clean balance sheets, with AAA types of ratings and with the ability, importantly, to print money.”
Bill Gross, founder of Pacific Investment Management Co (PIMCO), the world’s biggest bond fund
“This is the most serious financial crisis at least since the 1930s, if not ever.”
Mervyn King, governor of the Bank of England
“It was a wrong decision.”
Khalaf al-Habtoor, chairman of Al Habtoor Group, on their decision to acquire a stake in British lender Barclays in 2008
“We are open to any investment opportunities in all parts of Europe.”
Mustapha al-Shamali, Kuwait’s finance minister
“Don’t be a dick.”
What an investor apparently told Glencore’s CEO Ivan Glasenberg after he asked about the possibility of a last minute increase in the list price of its $10 billion IPO
“They [the IMF] have very substantial resources that are uncommitted.”
Timothy Geithner, United States Treasury Secretary, on the US’s refusal to inject more funds into the IMF
“We do not look opportunistically at distressed assets or special assets that come up one way or the other.”
Mohamad al-Jasser, governor of Saudi Arabia’s central bank, when asked about buying European sovereign bonds
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Executive Editors are the collective voice of the magazine. Stories written by Executive Editors are the culmination of discussions, brainstorming, research and information-gathering by our editorial team. Over decades, our editorial team has applied a blend of seasoned expertise and a discerning eye to bring you insightful and engaging and substantive reads that eschew sensationalism.
