"China will tighten management of local government debt and strictly regulate new borrowing to guard against fiscal risks. The nation will continue to clean up and regulate local government financing vehicles and bar them from incurring new debt."
Xie Xuren, Chinese Minister of Finance, in a report on the implementation of the 2011 budget to a session of the Standing Committee of the National People's Congress in Beijing on June 27
"Production methods are evolving all the time, which makes crackdowns more difficult."
Liu Yuejin, Director of the Narcotics Control Bureau of the Chinese Ministry of Public Security, saying that despite consistent efforts China still faces a grim drug-control situation, on June 26, International Day Against Drug Abuse and Illicit Trafficking
"The Turkish nation has no intention of attacking. We are just making provisions to stave off all threats to our unity and integrity, for our defense. We have never had an eye on the soil of any country."
Turkish Prime Minister Recep Tayyip Erdogan, emphasizing that his country will not attack Syria after a Turkish fighter jet was shot down by a Syrian missile, at a ceremony to introduce Turkey's first domestically produced training jet HURKUS in Istanbul on June 27
"It is imperative that we don't promise things that we cannot deliver and that we implement what we have agreed. Joint liability can only happen when sufficient controls are in place. I don't see total debt liability as long as I live."
German Chancellor Angela Merkel, opposing quick solutions like Eurobonds or the use of European Union funds to reduce Italian and Spanish debt, at the German Bundestag in Berlin on June 26 |