We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.
More Quotes from Rodrigo Rato:
These imbalances pose serious risks to prosperity, because they are clearly unsustainable, and if they are corrected in a disorderly way, through an abrupt decline in the U.S. dollar and rise in U.S. interest rates, growth and prosperity all over the world will be threatened,Rodrigo Rato
Given the importance of the Chinese economy, that will be healthy for the world economy.
Rodrigo Rato
We see clearly that governments have to make consumers and companies aware of the true prices. This is not going to be just a short-lived increase in the oil prices.
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
Oil prices have certainly become a threat for the world economy.
Rodrigo Rato
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