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More notable quotes from Davos
"I'm sorry to speak so much about France, but I am French." - French Finance Minister Christian Sautter
"We come to Davos to hear surprising things, but that's the first time I've ever heard a Frenchman apologize for being French--and almost certainly the last." - Howard Davies, Chairman of the Financial Services Authority (U.K.)
Responding to U.S. Treasury Secretary Larry Summers' plea for "prudence" in the face of America's prolonged prosperity, Howard Davies remarked: "Hearing a call for prudence is music to the ears of a financial regulator like myself. It's not often you hear crowds shouting: 'What do we want?' 'Prudence!' 'When do we want it?' 'Reasonably soon!'"
"No matter how rich people are, they should at least pay SOME tax." - Howard Davies
"Our prosperity has not included all Americans. A male born today in Washington, D.C. has a lower life expectancy than a male born in Mongolia." - U.S. Treasury Secretary Larry Summers
"We cannot accept that in the last 10 years, GDP rose 70% in the rich countries and nearly zero in the poor countries. We cannot go on this way. It is not just a matter of justice but of the future of the world community ... This is an absolutely crucial question." - Christian Sautter
"Economic history teaches us that complacency can be a self-fulfilling prophecy if it leads to an excess of confidence. Further prosperity is not granted to us but has to be earned by the hard work of the public and private sectors." - Larry Summers
TIME Europe's DAVOS 2000 Index
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