A Quote by Yanis Varoufakis
I'm the finance minister of a bankrupt country!
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Clever derivatives broke dozens of companies. It killed them. Bankrupt. We don't need these kinds of innovation in finance. It's OK to be boring in finance. What we want is innovation in widgets.
Obamacare won't just bankrupt the country. It may bankrupt small businesses. It may bankrupt individuals.
If one is talking to a finance minister of a poor country, moral arguments tend not to get very far. But if you can argue that their country is going to grow 2 percent faster per year if they can just harness the power of the female half of the population more effectively, that is an argument they consider.
In the West, if a city faces financial difficulties, it'll go bankrupt. But in China, cities will be subsidised by the Ministry of Finance. So some small- and medium-sized cities aren't worried about going bankrupt. They figure the central government will help them out.
Iraq is a very wealthy country. Enormous oil reserves. They can finance, largely finance the reconstruction of their own country. And I have no doubt that they will.
A finance minister should have a basic understanding of the country, know where the shoe pinches and, hence, have some compassion in policy formulation. An ability to understand economic issues should certainly be there.
Barack Obama inherited a bankrupt economy, a bankrupt government, and a bankrupt foreign policy.
As minister of finance, Mr. Flaherty served his country with dedication and conviction, even as he faced mounting health challenges. As both a man and a politician, I will remember him for his pleasant demeanour and strength of character.
Whoever the next prime minister of this country will be, it will be a female prime minister and a female prime minister who has formidable skills and I know whichever one of the two wins they will lead this country well.
When I was the finance minister, I got on well with the RBI Governor.
5: Social security will break small business, become a huge tax burden on our citizens, and bankrupt our country!
1944: The G.I. Bill will break small business, become a huge tax burden on our citizens, and bankrupt our country!
1965: Medicare will break small business, become a huge tax burden on our citizens, and bankrupt our country!
1994: Health care will break small business, become a huge tax burden on our citizens, and bankrupt our country!
Chidamabaram has ruined the economy. He has turned out to be a third-rate failure as finance minister.
I don't want Scotland to be more important than England. There's just a cancer of low self-esteem in Scotland and a general feeling that if we were to break away it would be game over and we would be bankrupt. If that is the case then that's exactly what we should do. Why are we, a country that would be bankrupt, leaching off another one?
The first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially created.
I worked with a group of people who argued day and night - professors, officials, the Minister of Finance - but there were decisions that I had to make.
In our party, for the post of the prime minister or chief minister, there is no race, and nor does anyone stake their claim. Who will be the prime minister or chief minister, either our parliamentary board decides on this or the elected MLAs, in the case of chief minister, and MPs, in the case of the prime minister, select their leader.
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