Quotes of the Day

A Greek woman protests austerity measures in front of the old university in Athens, Greece, on May 31, 2011.
Friday, Jun. 17, 2011

Open quoteWe have entered into a new phase of the crisis that I would term the political phase. The window for substantial policy action is closing. Time is of the essence.Close quote

  • JOSE VINALS,
  • IMF financial counselor, warning of global financial instability if the Greek austerity plan fails
Photo: Marios Lolos / XinHua / Corbis | Source: Washington Post