Rodrigo Rato
Rodrigo Rato
Rodrigo de Rato y Figaredois a Spanish political figure who served in the government of Spain as Minister of the Economy from 1996 to 2004; a member of the conservative People's Party, he was also First Deputy Prime Minister from 2003 to 2004. Subsequently he became Managing Director of the International Monetary Fundand served from 2004 to 2007...
NationalitySpanish
ProfessionPolitician
Date of Birth18 March 1949
CountrySpain
country county decades decide financial market maybe might regain spend support willing
And then you might decide that the country can just spend maybe years or decades to regain that credit, or maybe give that county the support, the financial support that the market is not willing not do.
allow company competition country debt larger market privatize state
It is advisable for the country to privatize the state Telecommunication Company (HONDUTEL), and allow larger competition on the market for its $4-million debt to be pardoned.
address country covered debt future issues pension people producing social states united weight
And it's also producing a growth in debt to the United States that will weight very heavily in a country that has to address issues like having more old people to be covered by Social Security or by pension in the future.
country mean effort
I mean, the world has already done a big, big effort to forget debt to countries heavily indebted and with low income. And that has given good chances to countries to get out of poverty.
clear current europe policy stable until
In Europe we think that the current policy of the ECB is appropriate... At least that is until there is a clear and stable recovery.
advantage america economic good latin moment
This is a very good moment for Latin America to take advantage of very good economic circumstances.
agenda biggest countries expressed fund glad publicly support
I'm very glad to see that the biggest shareholder of the Fund has already expressed publicly its support for this agenda and other significant countries have done so to.
advised banking continue exchange market opening rate strengthen
They are opening their exchange rate to market forces. That is what we advised them to do and they should continue in that direction. They need to strengthen their banking system, and that is a big challenge.
aware clearly companies consumers increase oil true
We see clearly that governments have to make consumers and companies aware of the true prices. This is not going to be just a short-lived increase in the oil prices.
acute recovery
We see a recovery in Europe, not very acute but a recovery, and we see a more broad-based recovery in Japan.
economy expected faster growing
We see the world economy growing faster than we expected in September.
demand great hints reduction second strong
We don't see a great reduction in demand... There have been some hints that demand will be receding in the second quarter, but we see strong demand in the world.
budget good year
This year is going to be challenging for the budget in the U.S. and probably we are going to see a resurgence of a deficit, which is not good news.
few next
We should be able to have this in the next few weeks.