Home Banking & Finance Financial quotes of the month


Financial quotes of the month

From the mouths of the world’s movers and shakers

by Executive Editors

“There will be no more adventures. Greece’s place in Europe will not be put in doubt.”

Greece’s New Democracy leader Antonis Samaras following the narrow election victory of the pro-bailout party

Beirut MP Nabil Du Freij:“Taxes are increased when the economic conditions are improving, not when the economy is slowing.”

Simon Baugh, director of media and public relations at BAA, owner of London’s Heathrow airport, the world’s busiest international hub:“Even with a third runway, with the space Dubai has it’s not possible [to compete with Dubai]. Its growth is too big.”

“The ball is now in Greece’s court. It’s in their hands to win back the confidence of the people of Europe.”

German Finance Minister Wolfgang Schaeuble

German chants at the Germany versus Greece Euro 2012 football game: “Without Angie, you wouldn’t be here,” To which the Greeks replied: “We’ll never pay you back. We’ll never pay you back.”

“The government should work on two fronts: increase revenues to cut short the rising public debt and boost growth to lower the GDP-to-debt ratio. Otherwise, it would speed up the country’s economic collapse.”

Nemat Frem, head of the Association of Lebanese Industrialists

“Even if they cannot achieve all of it in one fell swoop, I think if people have a sense of where they are going that can provide confidence and break the fever.”

US President Barack Obama on Europeans and their sovereign debt crisis at the G20 economic summit in Mexico

Mohsen Derregia, chairman of the Libyan Investment Authority (LIA), on the $1.75 billion losses due to LIA’s investments in products managed by Goldman Sachs and Societe Generale: “We will have to see how these structured products were created, valued and managed. Then we will talk to the investment houses and see if we can claim a refund.”

“There are still a lot of unknowns for the market, which will be looking for direction from the street, the presidency and progress by the constitutional committee.”

Wael Ziada, head of research at Cairo-based EFG-Hermes following the victory of Muslim’s Brotherhood Mohamed Mursi as Egypt’s president

“Every woman needs to be self-sufficient. You hear these yummy mummies talk about being the best possible mother and they put all their effort into their children. I also want to be the best possible mother, but I know that my job as a mother includes bringing my children up so actually they can live without me.”


Cherie Blair, the wife of Britain’s former Prime Minister Tony Blair, at Fortune’s Magazine’s Most Powerful Women event
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Executive Editors

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.
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