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Authorities Comments

Dow Jones - "In an uncertain phase like the one we're going through, there must be no doubt on the priorities of the central bank, on its strategy and on its independence to implement it."

Thomson Financial News - "The euro has established itself at the second most important international currency after the U.S. dollar."

Thomson Financial News - "I have been encouraged by the recently demonstrated ability of many financial institutions, large and small, to raise capital from diverse sources. Capital raising and balance sheet repair allow for the extension of new credit, which supports economic expansion. I strongly urge financial institutions to remain proactive in their capital-raising efforts."

Thomson Financial News - "The present turbulences have, once more, demonstrated that opacity regarding the stance of markets, financial instruments or financial institutions is a recipe for catastrophe. In the prelude to an episode of uncertainty and turbulence, absence of transparency inevitably triggers contagion and negative herd behaviour - we saw this at the heart of the Asian crisis, we very much also see it at the heart of the present episode."

Dow Jones - "I actually believe there's a great deal we can do. But we've got to make these decisions internationally and that's why when the supply of oil is not sufficient to meet the demand, not just this year but in future years, we can do something about it. When there is a shortage of food for factors that aren't simply due to the demand in China and in Asia we can do something about it."

Thomson Financial News - "There are good reasons to believe that the largest part of disclosure in financial institutions has been done, especially in the United States ... so that the worst news is behind us. The main problem is the linkages between the financial crisis and the real economy and this is not behind us."

Thomson Financial News - "We have robust growth, but it is not sufficiently robust yet."

Dow Jones - "Our forecast for this year is comforted by the (GDP) figures."

Thomson Financial News - "Were we without the single currency today, the present dollar weakness would be placing enormous strains on the euro area economies - to some more than in others -- and would be having a serious impact on trade and investment."

Dow Jones - "Our employees and businesses have improved competitiveness by so much, that now every little breeze doesn't knock us down."

Dow Jones - "There are very good figures from Germany in the context of the euro area. It may compensate for other parts such as Spain where the rate of growth has been lower."

Thomson Financial News - "We would welcome more Chinese companies exploring the multiple opportunities to set up shop in any of our 50 states. It's no secret that the 256 bln usd bilateral trade deficit is of deep concern and it plays right into the hands of those who criticize not just free trade with China, but free trade in general. In both our countries there has been a rise of economic nationalism. This is a troubling trend."

Thomson Financial News - "I believe there is no escape from the conclusion that, faced with the kind of recurrent strains and pressures typical of free financial markets, the new system has failed the test of maintaining reasonable stability and fluidity."

Thomson Financial News - "The generally accepted approaches to modelling subprime mortgage default probabilities frequently did not capture how the economics of subprime lending had changed."

Dow Jones - "What we're suffering today is a clear and deep slowdown of the Spanish economy, which in my view is much more a correction of the former situation than any other thing."