In a Credit Writedowns blog post, Frederick Sheehan collected quotes that relate to the European debt crisis (he writes that Dennis Gartman first compiled the list). Some highlights:
“For a small, open economy like Cyprus, Euro adoption provides protection from international financial turmoil.”
– Jean-Claude Trichet, President, European Central Bank, January 2008
“Spain is not Greece”
– Elena Salgado, Spanish Finance Minister, February 2010
“Portugal is not Greece”
– The Economist, 22 April 2010
“Ireland is not in Greek territory”
– Brian Lenihan, Irish Finance Minister
“Greece is not Ireland”
– George Papandreou, Greek Finance Minister, 22 November 2010
“Spain is neither Ireland nor Portugal”
– Elena Salgado, Spanish Finance Minister, 16 November 2010
“Neither Spain nor Portugal is Ireland”
– Angel Gurria, Secretary-General, OECD, 18 November 2010
“Spain is not Uganda”
– Mariano Rajoy, Spanish Prime Minister, 9 June 2010
“Italy is not Spain”
– Ed Parker, Managing Director, Fitch, 12 June 2012
“When it becomes serious, you have to lie.”
– Jean-Claude Juncker, President, Euro Group, April 2011
“The worst is now over—the situation is stabilizing.”
– Mario Draghi, President, European Central Bank, March 2012
“Uganda does not want to be Spain”
– Asuman Kiyingi, Uganda’s Foreign Minister, 13 June 2012