The euro is good for Europe. But only if there is flexibility all around.
The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected to a shock which requires it to cut wages, it cannot do so with a modern kind of control and regulation system. It is much easier to do it by letting the exchange rate change. Only one price has to change, instead of many.
The English are worried about the Euro being brought in because of loss of national identity and rising prices. In Scotland, people are just worried in case they have to close Poundstretcher.
Our future begins on January 1 1999. The euro is Europe's key to the 21st century. The era of solo national fiscal and economic policy is over.
The euro is a sickly premature infant, the result of an over-hasty monetary union.
If we don't all leave the euro behind, it will explode. Either there will be a popular revolt because the people no longer want to be bled out. Or the Germans will say: Stop, we can't pay for the poor anymore.
Europe is sort of like the Soviet Union in the '30s and '40s. There was an argument, is it reformable or not? There is a feeling, and I think it's correct, that the European Union, the eurozone, and the euro, is not reformable, as a result of the Lisbon treaties and the other treaties that have created the euro. Europe has to be taken apart in order to be put together not on a right-wing, neoliberal basis, but on a more social basis.
The Eurozone die is cast. Countries must withdraw from the euro so that governments can create their own money once again, and resist creditor demands to carve up and privatize their public domain.
I am different from Putin, that Russia should not isolate itself. Everything that happens in our country is justified through Syria or Ukraine. But when one's own citizens only make 300 euros, one can't have much clout in foreign policy.
Montreal's a unique city, very fascinating stories of architecture and history, and it's this sort of bizarre mixture of Europe and North America. It's not quite Canada and it's not quite America, and it's definitely got this very Euro feel to it. It's a very, very interesting city.
The proposal for a new global reserve currency - or Special Drawing Rights - is a good idea for many reasons. Yes, for the Chinese it would cushion any fall in the value of the dollar per se because it would only be part of a basket of other currencies, including the yen and the euro.
The bottom line is that the euro is a failed experiment.
As Dutch, British and French explorers literally put this Great Southern Land on the map it would be ridiculous to say that modern day Australia is anything other than a grand - and successful - outpost of Euro-colonialism and, more specifically Anglo-Celt British colonialism. It's a fact of life like the Euro-colonization of the Americas etc. If it was an outpost of, let's say, Iranian or Zimbabwean colonialism would so many people still be so desperately trying to get into Australia by any means necessary, legal or otherwise? It's doubtful. Thank the Gods for Euro-colonialism!
The interesting thing is that the 82% of the Greeks do not want to abandon the Euro. They really believe that there might be some kind of magical way where we could stay in the Eurozone but do not do our homework. This is not possible. So what we are trying to do is explain, you know, we in Greece invented democracy but we also invented at the same time populism.
I'm not too sure how much you get for winning the Champion's League, but it's definitely 10 million euros.
The euro will raise the citizens' awareness of their belonging to one Europe more than any other integration step to date.
America's belated embrace of government health care is going to be far more expensive and disastrous than the Euro-Canadian models. Whatever one's philosophical objection to the Canadian health system, it is, broadly, fair: Unless you're a cabinet minister or a big time hockey player, you'll enjoy the same equality of crappiness and universal lack of access that everybody else does. But, even before it's up-and-running, Pelosi-Reid-Obamacare is an impenetrable thicket of contradictory boondoggles, shameless payoffs and arbitrary shakedowns.
Germany has acted effectively during the euro crisis. It needs to build on this to engage in other spheres too.
I'm really glad that Italy went out, they were playing boring football. (on Euro 2004)
Every match in the Euro is a dance on a razor's edge.
Trading is a small part of the work of the stock exchanges. They are really to do with financial speculation, and they speculate on the value of the yen, the dollar, the pound, the franc, or the euro, at any given time. Billions are lost and billions are made by this speculation, and that's what the stock exchanges are about. They are for greedy minds.
Being hapa, or more specifically, half-Japanese half-Euro mutt (English, Irish, Scottish, Dutch, French, Welsh, German. . .in case you were wondering), has definitely helped shape who I am. It's very cool to get to identify and learn about all these unique cultures and I think it's helped put the world in perspective.
Couture was only for rich people. Givenchy was for rich people. A bag cost 5,000 euro; a coat cost 10,000 euro. In the beginning, I couldn't react. I was just working like a machine, because I wanted to make the house happy.
We [European countries] probably need to move forward together, each at their own speed. The faster ones, that could be the countries in the euro zone. The others would be those who are interested in the continued development of the common market, but reject the idea of an ever stronger political integration.
Part of the concept of the euro zone was to establish a common market. The banks were going to bank across all their countries like we bank across states. But that concept got killed for a whole bunch of reasons that I won't get into. That was a good concept, by the way. It may yet return, because there are huge economies of scale in banking. That's another thing people don't quite get.
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