Quotes of the Day

Video footage shows Bank of England Governor Mervyn King speaking at a meeting of Parliament's Treasury Committee in London April 29, 2008. REUTERS/Parbul via Reuters TV (BRITAIN). .
Wednesday, Jan. 25, 2012

Open quoteRebalancing the world economy, and the U.K. economy within it, is not proving to be a smooth process.Close quote

  • MERVYN KING,
  • governor of the Bank of England, in a speech Tuesday evening, in advance of the release of the U.K.'s GDP figures which showed that economic activity shrank by 0.2% in the last three months of 2011
Photo: Parbul / REUTERS | Source: The Daily Telegraph