The most pressing and significant problems in the global economy are unsustainable structural issues with regard to the E.U. - fiscal deficits and the structure of the E.U. itself.

Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.

I understand how important the automakers are to America. And I understand a bankruptcy; a failure in that industry wouldn't be a good thing. It's something we should avoid.

A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.

It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.

There is a very real danger that financial regulation will become a wolf in sheep's clothing.

In just about every area of society, there's nothing more important than ethics.