Remarks by Angel Gurría, OECD Secretary-General, delivered at the Berlin conference on “Financial Market Regulation after Pittsburgh – Achievements and Challenges”
Chancellor Merkel, Minister Schäuble, Commissioner, Excellencies, Ladies and Gentlemen:
The Swiss writer Max Frisch said:
“A crisis is a productive state; you simply have to get rid of its aftertaste of catastrophe.”
The strong and effective reactions of governments and central banks, the strengthened cooperation of advanced and emerging economies in the G20, the endorsement of Financial Market Reform at the G20 Leaders’ Summits and, more recently, the reaction of European Leaders in support of the Euro are all different and important pillars of this “productive state”.
See full Transcript.
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