Laurent Fabius Quotes

What will growth policy have to look like in a fiscally compacted Europe? Clearly any illusion of budget stimulated growth policy will have to go away.

Not in the constitution, but I would propose a law to the French parliament that provides for reducing the budget deficit year by year, until we have reached a balanced budget by 2017.

There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries.

If we don't get a grip on government spending, there will be no growth.

Eurobonds are absolutely wrong. In order to bring about common interest rates, you need similar competitiveness levels, similar budget situations. You don't get them by collectivizing debts.

In fact, I think - our view of this is that while the agreement, the compromise did not achieve the kind of super-sized deficit reduction that we sought, it did end the uncertainty around the perception, the possibility that the United States might default on its obligations for its first time. That was a good thing.

I will work to restore fiscal responsibility to our country's budget and to provide for a more robust economy.

It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.

I think achieving a higher fiscal stability is also a very important condition for restoring an environment which is conducive to growth.

We agree with Simpson and Bowles and others who have looked at this. What's necessary is to stabilize the debt and then work from there. You can't balance the budget in the short term because to do that would be to ratchet down the economy.

I sum up the prospects for 1967 in three short sentences. We are back on course. The ship is picking up speed. The economy is moving. Every seaman knows the command at such a moment: 'steady as she goes'.

I certainly don't want our nation to go into default, but at the same time, I'm very concerned about our ongoing debt problem.

We have a spending problem, not a taxing problem. The less we spend, the more jobs we have the potential to create.

We cannot cut our way to prosperity.

It is better to implement reforms in times of economic strength.

We are one government. The Federal Reserve is not the foreign enemy.

Without deficit reduction, we cannot have sustained economic growth.

Fiscal discipline can turn the economy around.

The successful conduct of economic policy is possible only if there is - and is seen to be - full agreement between the Prime Minister and the Chancellor of the Exchequer.

My priority is my economy minister mandate and to create momentum.

The few emerging economies that have avoided booms and busts have done so by adhering to sound policy frameworks.

The emphasis so far on fiscal austerity, while to a degree necessary for the countries facing market funding difficulties, is excessive when carried out across the board.

Monetary union must be oriented towards the needs of citizens and must balance the principles of responsibility and solidarity more effectively.

Japan's future prospects depend on ensuring fiscal sustainability over the long term.

The country needs fiscal discipline to build a strong economy and for social justice.