We are taking a greater chance of having another crash at a time when the world is less capable of bearing the cost.

We are taking a greater chance of having another crash at a time when the world is less capable of bearing the cost.

When you start cutting government expenditure, at some point you are cutting essential services rather than excessive services. So you have to take into account the social costs involved in cutting government spending.

We have very stable, solid economy; we are going through challenging times.

Our actions will be at measured pace given the current market turmoil.

Capitalism's biggest political enemies are not the firebrand trade unionists spewing vitriol against the system but the executives in pin-striped suits extolling the virtues of competitive markets with every breath while attempting to extinguish them with every action.

Because the free market system is so weak politically, the forms of capitalism that are experienced in many countries are very far from the ideal. They are a corrupted version, in which powerful interests prevent competition from playing its natural, healthy role.