Bill Clinton: “Well, I think the proper answer to that, Sam [Sam Donaldson ABC News], is that about a quarter of the world is and has…”

“Well, I think the proper answer to that, Sam [Sam Donaldson ABC News], is that about a quarter of the world is and has been in recession. About a quarter of the world is in a period of very low growth. The rest of us are growing. But in the nature of things, if you want growth to continue, you have to restore growth in that part of the world that's suffering now; and it cannot be done without aggressive action--as I said in New York a couple of weeks ago--aggressive action to restore the stability of the world financial system, to restore the confidence of investors, and to deal with the legitimate problems within each country that many of those countries have to deal with that we can't do anything about. But there are three things we've got to do: We've got to do what we can to restore stability of the world financial system; we've got to restore the confidence of investors so they'll put their money back into markets everywhere; and we've got to work with these countries to solve the problems within the countries that only they can solve. But the answer to your question is, we don't have to have a worldwide recession if those of us that enjoy growth will take the initiative and move now. But we cannot afford to dally around here. If we'd had this money 6 months ago, we could have done more than we have. So I think it's important that everybody recognize that we don't know--nobody can predict the future with great certainty, but I have a lot of confidence in the strength of the American economy and our ability to keep doing well, but it rests in large measure on our ability to do the right thing around the world. But keep in mind, 30 percent of our growth in the last 6 years has come from our ability to sell our goods and services around the world. We have a personal, vested interest quite apart from our larger ethical responsibilities to lead the world that we've profited so much from; we've got a vested interest in averting a global financial slowdown by taking initiatives and doing it now. We've got to do it now. Kosovo? Kosovo”