Quotes Of The Week

Here's a couple of interesting quotes we got from Bloomberg.

'The collapse of the financial system as we know it is real. and the crisis is far from over. Indeed, we have just entered Act II of the drama.

When the financial markets started losing confidence in the credibility of sovereign debt, Greece and the Euro have taken centre stage, but the effects are liable to be felt worldwide'.

George Soros, speaking at a conference in Vienna Thursday

And speaking at the same conference, we had Deutsche Bank CEO Josef Ackermann, who said: 'If we want to disclose the results of stress testing (of European banks), then we must have backstop facilities in place. Otherwise the uncertainties and instability of the market will increase'.

Meaning: 'We're better off not knowing!'

Source - Bloomberg

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