It calls for bold decisions today as well as credible exit strategies to improve confidence of our fellow citizens and of the corporate sector on our capacity to go back to medium – long term sustainable path. This is true for fiscal policies as well as for monetary policies.
And we have to implement effectively, efficiently and as rapidly as possible the decisions the decisions taken in the G-20 meetings. Who must accept responsibility for this crisis? I don’t see any value in looking for scapegoats. For instance, some may make banks or rating agencies the whipping boys. But to me the entire financial system has proved unsatisfactory.