Mr Lavagna was one of the few members of the Cabinet that seemed to have some understanding of the concerns and interests of investors.
More Quotes from Alberto Bernal:
The market is weak today because of continued adjustment of the 10-year U.S. treasury and the strength of the euro.Alberto Bernal
Controlled inflation will allow the bank to hold the rate at its current level. In my view, potential growth in Colombia is higher than what the consensus believes, so I don't think inflationary pressures will lead the bank to raise rates this year.
Alberto Bernal
Companies are signing these accords because it's a lost battle against the government. We still remember Shell. Sooner or later, there will be problems with the supply, which will be lower because no company will want to produce if it doesn't receive a proper profit.
Alberto Bernal
We doubt that the decision will have any material impact on the pace of economic growth, among other things because the adjustment in rates is gradual and because it only reverses 25 basis points of the mid-2005 50 basis point rate-cut.
Alberto Bernal
The deterioration in the perception of the central bank's independence will hinder local markets from seeing the issuance of non-indexed paper in the foreseeable future, implying the stagnation in the recovery of the local capital markets.
Alberto Bernal
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Peter Bichsel
To refrain from imitation is the best revenge.
Marcus Aurelius
As the President has indicated, my life has been a life of travel - for 60 years constantly moving over the wide world on journeys which first and last have taken me to 83 countries, and, what is more significant, to most of them again and again.
John Raleigh Mott