There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.
George Osborne
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More quotes by George Osborne
- The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.
- If you want to change the way your banking system is regulated, if you want to learn the mistakes of what's gone wrong, then you have to change your government.
- It's normally the kiss of death to be identified as a rising star, or someone to watch.
- Of all the public services, education is the one I'm most interested in. You get a more dynamic economy, you deal with most social problems, and it's morally right.
- I had the closest thing I have ever had to an out-of-body experience lying in bed one morning. I turned on the 'Today' programme and item four on the news was: 'The shadow chancellor has ruled himself out of the leadership.' I lay there thinking that's interesting, then I realised it was me.