Lawrence Summers Quotes


You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government. - Lawrence Summers


With respect to the action that was taken, it was certainly a constructive step reflecting a careful attempt to respond to pressures that had gathered in the oil sector over time. - Lawrence Summers


What we must not do is attack the IRS in order to promote other agendas. - Lawrence Summers


What is happening in India and China... The integration of the four-fifths of the world where people are poor with the one fifth of the world where people are rich, has the potential to be one of the three most important economic events in the last millennium, alongside the Renaissance and the Industrial Revolution. - Lawrence Summers


We want to be candid about the need for them to reform their banking system and do more on trade and the like, but the guy (Hashimoto) is also under a lot of pressure right now. - Lawrence Summers


We have been pleased with the market response (to the 10-year indexed notes)... A liquid market has developed. - Lawrence Summers


We discussed developments in our exchange and financial markets... In this context, we emphasized our view that exchange rates among major currencies should reflect economic fundamentals. We will continue to monitor developments in exchange markets and cooperate as appropriate. - Lawrence Summers


We believe the global expansion needs to be balanced up, not balanced down... An adjustment should take place in our countries through increased public savings. Internationally, there needs to be an adjustment through an increase in exports rather than reduced imports. - Lawrence Summers


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