Oil prices have certainly become a threat for the world economy.
More Quotes from Rodrigo Rato:
This is an institution based on the representation of countries based on their economic weight in the world economy. The world economy is not a frozen thing it changes over time.Rodrigo Rato
These measures would take some time to have their full effect, but taking them would help calm the oil market.
Rodrigo Rato
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.
Rodrigo Rato
I think the Chinese authorities, one, clearly recognize the advantage to move to a more flexible monetary system and, two, they recognize it has to be done in a gradual way but that it has to be done without delay,
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
We are not talking about working conditions in Africa, we are talking about a working week of 48 hours. I have many friends who work more than that.
Rodrigo Rato
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