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Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

» Ben Bernanke (1953-?) American Economist

If you want to understand geology, study earthquakes. If you want to understand the economy, study the Depression.

» Ben Bernanke (1953-?) American Economist

The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.

» Hu Jintao (1942-?) Chinese Politician

You see in times of crisis that extremist forces, populist forces, have a better ground to oversimplify things and to manipulate feelings. Feelings of fear.

» Jose Manuel Barroso (1956-?) Portuguese Politician

If we do not resolve the euro crisis, we will all pay the price. And if we do resolve it, we will all benefit, particularly German taxpayers and savers.

» Mario Draghi (1947-?) Italian Economist

Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.

» Mario Draghi (1947-?) Italian Economist

Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.

» Warren Buffett (1930-?) American Businessman

We all have our problems and we are working to find a solution to ours and also to help the eurozone. We expect that other countries should do the same, that they be prudent in their statements.

» Mariano Rajoy (1955-?) Spanish Politician

I have a theory that women are generally given space and appointed to jobs when the situation is tough. I've observed that in many instances. In times of crisis, women eventually are called upon to sort out the mess, face the difficult issues and be compl

» Christine Lagarde (1956-?) French Economist

Interest rates do not have to be identical across the whole euro area, but it is unacceptable if major differences arise from broken capital markets or concern about a euro area break-up.

» Mario Draghi (1947-?) Italian Economist

We're still in a recession. We're not gonna be out of it for a while, but we will get out.

» Warren Buffett (1930-?) American Businessman

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