A Quote by Charles Dallara

Greece's debt is going to be a function of a lot of factors down the road. — © Charles Dallara
Greece's debt is going to be a function of a lot of factors down the road.
It was very important for us to hear that both European governments and the IMF are going to sustain and augment their commitment to Greece because they don't pursue the debt reduction route. They're actually extending more debt, more loans to Greece.
Goals work. Pick one debt, and then put every dime into paying down that one debt. Once that debt is paid off, start paying down the next debt. Pretty soon it's time to move from paying debt to building savings.
There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back.
We have a debt the size of our economy, which makes us look a lot like Greece.
You just have to keep driving down the road. It's going to bend and curve and you'll speed up and slow down, but the road keeps going.
We have mountain of debt that isn't going away and all the problems are here to stay, and anybody who tells you that is a good thing ought to get out of the business of helping the government down the road.
Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon.
We saw in Greece how dangerous it is if a country has a bigger and bigger debt, and I hope that we will not have a second Greece in our neighbouring country, Italy.
We're in a chronic debt-deflation. There's no way we can recover unless you write down the debts. And that's what the IMF basically is implying (and it was explicit regarding Greece), but its not spelling it out, because that's not what can be said in polite company.
The debt limits have to come down. The whole world of debt has to be changed as far as this country is concerned. We have to create jobs and we have to create them rapidly because if we don't things are just going to head in a direction that's going to be almost impossible to recover from.
I think sharks are beautiful creatures, and I don't think we should stop going in the ocean because of them. You drive down the road and you get in an accident, but most people end up driving down the road again. Surfing is you're going into their home and it's just a natural part of life.
Some countries need extra stimulus in specific areas. Something has to be done against high youth unemployment in Greece and Spain, for example. But in the end, there is no way around it: The debt levels have to come down.
How much you need to drink depends on a lot of factors. Are you training outside? Is it hot? Is it cold? There are a lot of factors to take into consideration.
I think there are a lot of factors going into an election. I think the bottom line is - is that Donald Trump is gonna be sworn in as the 45th President of the United States of America. And it's not necessarily profitable to sort of try to untangle all the different factors that went into it.
When the economy's shrinking, providing jobs, spending on things like infrastructure can actually increase revenue and drive down debt. And then, there's going to be a time at which point debt has to be taken care of.
We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.
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