And then you might decide that the country can just spend maybe years or decades to regain that credit, or maybe give that county the support, the financial support that the market is not willing not do.
More Quotes from Rodrigo Rato:
Most cases, I would say, in a huge amount of cases, countries that have worked with us and have used our financial facilities have come out quick... more quickly and in a better shape from a crisis than would have come out otherwise.Rodrigo Rato
This is an historic moment which will allow these countries to increase spending in priority areas to reduce poverty, promote growth, and to make progress towards achieving the (UN) Millennium Development Goals.
Rodrigo Rato
I don't think it's a traumatic situation, but I do think a change in policy is needed to avoid getting into a traumatic situation.
Rodrigo Rato
In Europe we think that the current policy of the ECB is appropriate... At least that is until there is a clear and stable recovery,
Rodrigo Rato
We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.
Rodrigo Rato
The committee has given me a clear mandate to make some proposals in Singapore.
Rodrigo Rato
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