A Quote by Wolfgang Schauble
I don't know how many resolutions from the IMF or G-20 we have already written saying that such [financial] reforms are necessary for new growth.
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China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If countries know they can't rely on the IMF to help them, their best defense is their own reserve cushion. In a time of spreading global recession, too much emphasis on savings in surplus countries like China can impede prospects for global growth.
More than 20 years on, sustained competition, informed customers and the rapid growth of new technology provide the necessary environment for substantial deregulation.
The problem with New Year's resolutions - and resolutions to 'get in better shape' in general, which are very amorphous - is that people try to adopt too many behavioral changes at once. It doesn't work. I don't care if you're a world-class CEO - you'll quit.
The object of a New Year is not that we should have a new year. It is that we should have a new soul and a new nose; new feet, a new backbone, new ears, and new eyes. Unless a particular man made New Year resolutions, he would make no resolutions. Unless a man starts afresh about things, he will certainly do nothing effective.
Many people have trouble sticking to their resolutions, and there is a simple scientific explanation for this. In 1987, a team of psychologists conducted a study in which they monitored the New Year's resolutions of 275 people. After one week the psychologists found that 92 percent of the people were keeping their resolutions; after two weeks we have no idea what happened because the psychologists had quit monitoring.
The reason I entered the election race was to promote reforms. For us who engage in business, we will be severely affected if financial and structural reforms don't proceed.
January is always a good month for behavioral economics: Few things illustrate self-control as vividly as New Year's resolutions. February is even better, though, because it lets us study why so many of those resolutions are broken.
When it comes to sticking to your resolutions, research has shown that 'action-oriented' resolutions have a better chance of being upheld than 'idea-oriented.' For example, a resolution to lose weight is really only an idea with nothing actionable to do. However, sticking with that goal in mind, you could make the resolution action-oriented by saying 'get up 30 minutes earlier every Monday, Wednesday and Friday and do a 20-minute workout at home before work.' Now you have an actionable path on how to achieve your goal.
Sometimes we know the best thing to do, but fail to do it. New year's resolutions are often like that. We make resolutions because we know it would be better for us to lose weight, or get fit, or spend more time with our children. The problem is that a resolution is generally easier to break than it is to keep.
You make New Year's resolutions. And you make them into the teeth of old resolutions which were different. Then you don't keep your new resolutions and you tell yourself you are weak-willed. You aren't weak-willed, you are simply obeying yourself as of yesterday.
I will continue to decisively promote reforms that will promote growth, and at the same time, I will continue to negotiate hard in order to avoid any reforms that would undermine growth.
How many chapters have been written about love verses - and how many more might be written! - might, would, could, should, or ought to be written! - I will venture to say, will be written!
You have to believe in yourself and you have to take risks. You know how people say 30 is new 20 and 40 is new 30? Well I think essentially what that's telling us is there are so many opportunities out there, you don't have to rush into something.
Rather than waiting for a crisis to erupt before intervening, the IMF should provide 'forward guidance' on how it will tackle potential disruptions in international financial markets.
I've written close to 20 screenplays and 100 sketches - I know exactly how to do them. They're judged by set criteria that I know.
The IMF played crucial roles in the 1980s debt crisis and in the transformation of former communist economies. Radical change, many might argue, is neither necessary nor desirable.
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