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The whole banking sector in Mexico was literally bankrupt. For whatever reason, instead of intervening in the sector or supporting the banks, the government expropriated them. We went through the very laborious period of selling the failing banks to the wealthy people of Mexico.
— Jose Angel Gurria
Tags: banking, reason, government, people

Other Quotes by "Jose Angel Gurria"

Our mission is to make the world economy work better.
— Jose Angel Gurria
Tags: mission, better, world, work
If we want a stronger, cleaner, and fairer world economy, we need to deal with the controversial areas of globalisation, such as tax havens.
— Jose Angel Gurria
Tags: need, want, stronger, world
The OECD should promote everything that's consistent with its mandate, which is to make the world economy work better.
— Jose Angel Gurria
Tags: everything, better, world, work
We are dealing with the greater challenges of globalisation. It is generating, in many cases, an increase in the levels of inequality in societies... that is undesirable.
— Jose Angel Gurria
Tags: globalisation, inequality, challenges
The concept of national treatment is a core component of investment and trade agreements. It promotes valuable competition on a level playing field. Investment treaties should not turn this idea on its head, giving privileges to foreign companies that are not available to domestic companies.
— Jose Angel Gurria
Tags: head, investment, giving, competition
View More by "Jose Angel Gurria"
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