There is very strong demand and we don't see that demand receding. Prices are not going back to the levels seen at the beginning of 2004.
We see clearly that governments have to make consumers and companies aware of the true prices. This is not going to be just a short-lived increase in the oil prices.
There was a consensus, at least among the two big parties, that reforms were crucial.
Those are the three main elements in which we're working with Iraqi authorities
In the next few weeks.
Oil prices have become certainly a threat to the world economy.
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
Oil prices have certainly become a threat for the world economy.
We also need a fund that can say 'no'
The prospect of the fund declining to provide financial support would strengthen the incentives to implement sound policies, thus avoiding the need for fund support in the first place.
And it's also producing a growth in debt to the United States that will weight very heavily in a country that has to address issues like having more old people to be covered by Social Security or by pension in the future.
We would certainly encourage the Italian government to put forward an ambitious agenda of reform.
Masood Ahmed brings to the position of director of external relations extensive experience gained in a range of senior positions in international finance and development.
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.
I mean, the world has already done a big, big effort to forget debt to countries heavily indebted and with low income. And that has given good chances to countries to get out of poverty.