Euro Quotes - Page 8

• The euro is a failed currency, a wrong currency, a failed experiment.

  Matteo Salvini

  Currency, Experiments

  Source: www.washingtonpost.com

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• I have had situations in the past when you are close to signing a player and the money involved switches from euros to pounds to dollars. It is a difficult process, but one we have to work with.

  Alan Pardew

  Player, Past, Pounds

  Source: www.espnfc.com

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• I think sometimes Europe may take for granted the extraordinary progress that's been made over the last 40, 50 years. I recognize that sometimes there is great frustration that arises out of the euro zone or out of the EU.

  Barack Obama

  Frustration, Thinking, Years

  Source: www.spiegel.de

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• If the dollar weakens, then presumably all the things that we make in the United States - Buicks, for instance - can be sold cheap all over the world, and everyone will be buying our goods, and we'll get all sorts of yen-denominated, or yuan-denominated, or euro-denominated securities, and then everybody else will be worried.

  P. J. O'Rourke

  United States, Dollars, World

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• Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.

  Barry Eichengreen

  Political, Division, Reason

  "Unity of the European Union is about to be tested" by Barry Eichengreen, www.theguardian.com. December 13, 2012.

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• Some countries that are close to Europe that already hold Deutschemarks, clearly would automatically hold euros, those are countries in Eastern Europe mainly, a few countries in Africa.

  Robert C. Solomon

  Country, Europe, Eastern

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• I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.

  Romano Prodi

  Impossible, Introducing, Economic

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• The euro is a vital issue for Germany. There is no other country that derives as much benefit from the common domestic market and the monetary union as Germany.

  Peer Steinbruck

  Country, Issues, Germany

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• As a wheelchair user, you cant move about freely. Thats the only thing that bothers me a little. When Im in the Euro Group in Brussels, colleagues who want to talk to me have to come to me. But I hope they know that this has nothing to do with arrogance.

  Wolfgang Schauble

  Moving, Arrogance, Want

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• ...let's talk about soccer scores. There are a few things that people all around the world need to admit to themselves. Trade restraints slow economic growth, the euro is not a reserve currency and scoreless sports ties are boring.

  P. J. O'Rourke

  Soccer, Sports, Ties

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• The shadow of an exit of Greece from the euro zone takes on ever clearer shape, repeated apparently final attempts to reach a deal are starting to make the whole process look ridiculous. There is an ever greater number of people who feel as if the Greek government is giving them the run-around.

  Sigmar Gabriel

  Running, Numbers, Government

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• Germany will always do the minimum to preserve the euro. Doing the minimum, though, will perpetuate the situation where the debtor countries in Europe have to pay tremendous premiums to refinance their debt. The result will be a Europe in which Germany is seen as an imperial power that will not be loved and admired by the rest of Europe - but hated and resisted, because it will perceived as an oppressive power.

  George Soros

  Country, Europe, Debtors

  "George Soros on the Euro Crisis". Interview with Der Spiegel, www.georgesoros.com. June 26, 2012.

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• Germans tend to forget now that the euro was largely a Franco-German creation. No country has benefited more from the euro than Germany, both politically and economically. Therefore what has happened as a result of the introduction of the euro is largely Germany's its responsibility.

  George Soros

  Country, Responsibility, Germany

  "George Soros on the Euro Crisis". Interview with Der Spiegel, www.georgesoros.com. June 26, 2012.

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• Merkel has realized that the euro is not working, but she cannot change the narrative she has created because that narrative has caught the imagination of the German public, and the German public has accepted it.

  George Soros

  Imagination, Narrative, Accepted

  "George Soros on the Euro Crisis". Interview with Der Spiegel, www.georgesoros.com. June 26, 2012.

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• The key problem is the debt restructuring in the euro zone. As long as the debt burden is not reduced, there is no chance of the weaker EU countries regaining competitiveness.

  George Soros

  Country, Keys, Long

  "George Soros on the Euro Crisis". Interview with Der Spiegel, www.georgesoros.com. June 26, 2012.

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• For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our currency has already pegged to the euro since 2002. We don't have an independent monetary policy. We are regulated by the European Central Bank in Frankfurt, but we are not able to reap all the profits. Our businesses want to save the transaction costs.

  Dalia Grybauskaite

  Independent, Cost, Unions

  Source: www.spiegel.de

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• We won't make the weak stronger by making the strong weaker, as a very wise man once said. That applies to the economy as well. If Germany were less competitive, the euro area as a whole would lose, because less could be produced then.

  Mario Draghi

  Wise, Strong, Men

  Source: www.spiegel.de

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• Europe's financial system is fragmented, although the gap in funding costs for banks within the euro area is no longer as wide as it was two years ago. But in lending the differences are still very large, and in some countries the credit flow is disrupted.

  Mario Draghi

  Country, Differences, Years

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• Germany's problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark.

  Milton Friedman

  Germany, Problem, Mark

  Source: www.huffingtonpost.com

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• Indeed, the creators of the euro envisioned it as an instrument to promote political union.

  Gerhard Schroder

  Political, Unions, Instruments

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• Tunisia is extremely dependent on economic conditions in Europe, which is why it also experienced shockwaves from the euro crisis.

  Alvaro de Vasconcelos

  Europe, Euro Crisis, Tunisia

  Source: www.spiegel.de

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• Greece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.

  Wolfgang Schauble

  Important, Would Be, Debt

  Source: www.spiegel.de

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• The euro is a great achievement. It's a symbolic achievement. But, the European constitution was a missed opportunity.

  Bernard-Henri Levy

  Opportunity, Achievement, Constitution

  Source: www.spiegel.de

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• One unanswered question is whether a Euro-Islam that combines Islam with democracy will be possible in the future. We mustn't confuse desire with reality.

  Walter Kasper

  Reality, Islam, Democracy

  Source: www.spiegel.de

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• For a small open economy such as Cyprus, the euro adoption provides protection against international financial turmoil, which often has a disproportionate effect on smaller economies.

  Jean-Claude Trichet

  Adoption, Cyprus, Financial

  "The Successful Entry of Cyprus Into the Euro Area". Speech at the Conference “Welcoming Cyprus to the euro area” Nicosia, www.ecb.europa.eu. January 18, 2008.

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