On 3rd July 2004, he remarked, “I am distressed by the low representation of minorities, particularly the Muslim minority, in many walks of life, both in the public and the private sector. I do not need to underline to this audience the gravity of the problem that this creates for our collective effort to create a truly inclusive and tolerant society, where the benefits of economic development are shared by all citizens.

We speak about cooperation but seem hesitant to commit ourselves to a global offensive to root out terrorism, with the pooling of resources, exchange of information, sharing of intelligence, and the unambiguous unity of purpose required. This must change. We do have a global coalition against terrorism. We must give it substance and credibility, avoiding selective approaches and political expediency.

There is no time to lose. Neither the Government nor the economy can live beyond its means year after year. The room for maneuver, to live on borrowed money or time, does not exist any more. Any further postponement of macroeconomic adjustment, long overdue, would mean that the balance of payments situation, now exceedingly difficult, would become unmanageable and inflation, already high, would exceed limits of tolerance.