We also need a fund that can say 'no'.
From Rodrigo Rato
We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.
We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.
We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.
We would certainly encourage the Italian government to put forward an ambitious agenda of reform.
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