Last quote by Marc Touati
We're not taking real measures. We need shock therapy, and that has never been applied, either by Sarkozy or Hollande. We're going to keep racking up deficits and swelling debt.
Oct 15 2014
Marc Touati has been quoted 10 times. The two most recent articles where Marc Touati has been quoted are France says "non" to austerity despite fragile economy and Markets dive on Greek referendum shock. Most recently, Marc Touati was quoted as having said, “We need shock therapy. And this shock therapy has absolutely not been implemented, not under Sarkozy, nor under Hollande. The deficit and debt will continue to increase. For the moment it's not too alarming because interest rates are very low, but one day, the markets will wake up, interest (rates) will rocket and we will have a Greek-type crisis in France.”.
Quotes by Marc Touati
Oct 01 2014
We need shock therapy. And this shock therapy has absolutely not been implemented, not under Sarkozy, nor under Hollande. The deficit and debt will continue to increase. For the moment it's not too alarming because interest rates are very low, but one day, the markets will wake up, interest (rates) will rocket and we will have a Greek-type crisis in France.
Nov 01 2011
If there is a referendum the 'no' will win. Greece is playing a suicidal game that could lead to its exit of the euro zone so there is fear on French banks, but also on (euro zone) states.
Oct 10 2011
But let's not overstate the case, banks' balance sheets are nowhere near as bad as they were in 2008, the risk is much less than in 2008, and the danger is that the banks are not taking risks with loans, so it is stifling the financing of the economy.
Oct 10 2011
The real danger right now is that we have a kind of vicious circle, with the suspicion that the banks and politicians unfortunately are powerless to stop it. Political leaders can't say we are going to save or we're not going to save Greece or we're not going to save the euro area, and therefore this uncertainty leads to tensions within banks, and speculation about who is next on the list.
Mar 15 2010
And there's the whole problem, unfortunately that's where it is, Germany, who, on top of things, lit the fuse in this crisis. Germany said: whatever happens, we're here. We'll save Greece, we'll avoid the difficulties for such and such a country. Except that here, from the very lips of Angela Merkel, at the end of 2009, beginning of 2010, we heard that Greece would have to cope on its own, and that is what opened the Pandora's box which is Greece's risk of defaulting, and which effectively got the speculators off and running.
Mar 15 2010
Well, unfortunately, the answer is 'yes'. The euro is clearly in danger today, because we're letting an already difficult situation get worse over time, so it can't all be pinned on the speculators, as is done too often. There's always an objective reason for speculation. It's one of the consequences of economic policy errors that have been made for years.
Aug 13 2009
The French and German upswings are merely technical. The follow-on might not materialise. What fuelled the growth was a weaker euro, the drop in interest rates and the budget recovery plan. All of these effects today are petering out.
Dec 15 2008
Not all financial markets are like this. Unfortunately, this really is the exception that proves the rule, that despite tight regulations, someone manages to slip through the net – but it has to mean that there has been a certain amount of complicity here.
Jun 20 2008
There'll be soft growth this year, it will probably be worse next year at just 1.5% and improving by 2010, if all goes well. But Europe's biggest problem is that we react to, rather than anticipate, problems and there's a contradiction between what the European Central Bank tells us, what the French government says and the difficult realities of daily life for French people.
This webpage has been created by a robot: errors and absent quotes cannot be totally avoided