The government has to decide what their role is. Are they going to be shareholders of the banks or are they going to be regulators It is quite difficult to be both.
More Quotes from Ping Chew:
It's probably one of the necessary conditions. If you don't have inflation falling, it's unlikely that authorities could lower the interest rate.Ping Chew
The ratings reflect Taiwan's strong external position and robust economy in a challenging policy environment in which fiscal flexibility has weakened.
Ping Chew
There is always this worry that such a spending plan will widen the budget deficit. If India misses the deficit target again, it could dilute its commitment to fiscal consolidation. Giving dole doesn't resolve poverty.
Ping Chew
Further liberalization of the economy and infrastructure improvements will help India's trend growth. Such reforms coupled with continued fiscal consolidation will help India achieve investment grade over time.
Ping Chew
A rating upgrade can be considered only if the debt burden keeps reducing, not just through revenue growth, but also through expenditure improvement.
Ping Chew
Readers Who Like This Quotation Also Like:
Train up a child in the way that he should go: and when he is old, he will not depart from it.King Solomon
That's all there is; there isn't any more.
Ethel Barrymore
Insanity - a perfectly rational adjustment to an insane world.
R. D. Laing