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.
More Quotes from Rodrigo Rato:
The committee has given me a clear mandate to make some proposals in Singapore.Rodrigo Rato
We would certainly encourage the Italian government to put forward an ambitious agenda of reform.
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
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
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 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
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