LOGO
LOGO

Human 'Greed And Fear' Caused Global Financial Crisis: RBA's Stevens

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Reserve Bank of Australia's governor Glenn Stevens said on Wednesday that he does not believe the global financial crisis was a judgment of God - rather the result of human "greed and fear".

He told the Wesley Mission's Easter Breakfast, "I think if you are a Christian, God has given you certain capabilities to do a job." He added, "The bible teaches that you should do that as if you were doing it for him, because you are and that is my attitude."

He said, "There is nothing particularly remarkable about me at all and when I am not in the job anymore I will be disappearing, I can assure you".

For comments and feedback contact: editorial@rttnews.com

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19