In my own work, I have written about how our public sector bank officials avoid making any new lending decisions - because lending always exposes them to some (infinitesimal) risk of being blamed for the loan going wrong.
I think public sector banks need to have greater private participation of people who have skin in the game.
The public sector certainly includes the Department of Labor. Those are jobs that are available. They are open and they are good paying jobs. The government as a whole has been actually retrenching under President Clinton's leadership.
But the real growth I must say in terms of the public sector for the Labor Department is really at state and local levels. That's where the real opportunities are today.
There are certainly delays in this year's agreed program, and we must quickly catch up. Let's not kid ourselves, there is still big waste in the public sector, and it must stop.
I am happy to be running a public sector bank. In times of stress, most people will always have an account with us, so, to the extent that it gives stability and faith for the people and because banking is a business of trust, it is a major advantage we have.
The Greek people deserve an economy that is not burdened forever by a heavy bureaucracy and a bloated public sector.
The biggest difference between the private sector and public sector is in the private sector, there's a sense of urgency because you have customers and you have competitors. Whereas in government, one of your major objectives is to not make any really big mistakes.
We all benefit from the shared experiences of our partners from around the world. Our education, health care, business and public sector institutions rely on these relationships to deliver on their missions every single day.
You know, at some point there has to be parity. There has to be parity between what is happening in the real world, and what is happening in the public sector world.
