Home Banking & FinanceFinancial quotes of the month

Financial quotes of the month

by Executive Editors

“Our real GDP for the year 2011, according to national estimates, exceeded 5 percent in light of the significant improvement of activity following a freeze in the first months of the year.”

Prime Minister of Lebanon Najib Mikati on GDP growth in 2011

“Supply from the Middle East has been reliable despite perceived disturbances in the region… there is no shortage of oil.”

Mohammad Saleh al-Sada, Qatar’s Energy Minister

“We want a price around $100, that’s what we want.”

Ali al-Naimi, Saudi Arabia’s Oil Minister

“We made a revolution only to go now from one dictatorship to another.”

Naguib Sawiris, Egyptian telecom tycoon

“Europe is watching us, austerity can no longer be the only option.”

Francois Hollande, France’s new president

“German chancellor Angela Merkel has to know that the politics of austerity have suffered a humiliating defeat.”

Alexis Tsipras, head of Greek political party Syriza, a coalition of radical left and green parties

“Grexit [the possibility of Greece leaving the Eurozone] path: election, default, exit, capital controls, deposit freeze, drachmatization of euro claims, depreciation, return to growth/jobs.”

A tweet from global economist Nouriel Roubini,on the potential  exit of Greece from Europe

“This puts egg on our face and we deserve any criticism we get.”

Jamie Dimon, CEO of JP Morgan after suffering a $2 billion trading loss

“Jamie Dimon, the head of [JP Morgan], is one of the smartest bankers we have got, and they still lost $2 billion and counting.”

United States President Barack Obama on why there is a need for Wall Street reform

“There are issues that we need to look at specifically with respect to Facebook.”

Securities and Exchange Commission Chairman Mary Schapiro following the significant drop in the share price of Facebook after its IPO

“I wouldn’t appoint somebody to do my job because nobody would run the business the way I do. You might as well have asked Frank Sinatra who he would appoint to replace him. Somebody can sing but can they sing like Sinatra? No.”

Bernie Ecclestone,CEO of Formula One, on why he intends to remain CEO after the the company goes public at the end of June

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