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Vice President Mike Pence was even more blunt, saying that "the era of economic surrender is over".
"The error of economic surrender will be over," the presumptive Republican nominee proclaimed.
Pangalos leads the Fifth Column of Greeks calling to accept Germany's terms of economic surrender: austerity, meaning cuts in food allowances, in pensions, in jobs.
Donald Trump promised Tuesday to end what he called "the era of economic surrender" in America, and laid out a hot-tempered, isolationist vision for the nation's economy.
The era of economic surrender is totally over," Trump crowed in his first State of the Union address Tuesday night, echoing the pro-working-American populist message he rode into the White House.
It was this crushing defense burden, along with the collateral neglect of the other sectors of its economy, that ultimately bankrupted the Soviet Union and led to its economic surrender and breakup.
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But he can't help lamenting the fact that Labour appears to have gone quiet on economic policy, surrendering some of the ground he hoped had been won over the summer.
"There are economic isolationists who surrender and wall us off.
In 2003, Muammar Qaddafi, the Libyan dictator, agreed, in exchange for economic opportunities, to surrender his uranium-enrichment equipment.
Mr Persson, who favours green energy and would be loth to surrender economic policy to a new European central bank, might have made these decisions anyway.
"Scott Morrison has surrendered economic leadership in this nation to the Reserve Bank," Bowen said on Tuesday.
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