Barry Eichengreen on division
Barry Eichengreen11 quotes“Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.”
More from Barry Eichengreen
The 24% unemployment reached at the depths of the Great Depression was no picnic.
Barry EichengreenBarry Eichengreen Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated that as many as two million workers avoided unemployment as a result of his efforts to promote work-sharing.
Barry EichengreenBarry Eichengreen For those unfortunate enough to experience it, long-term unemployment – now, as in the 1930s – is a tragedy. And, for society as a whole, there is the danger that the productive capacity of a significant portion of the labour force will be impaired.
Barry EichengreenBarry Eichengreen Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe’s fiscal, banking, and monetary union.
Barry EichengreenBarry Eichengreen The consequences of a collapse would not be pretty. Whichever country precipitated it – Germany by threatening to abandon the euro, or Greece or Spain by actually doing so – would trigger economic chaos and incur its neighbours’ wrath.
Barry EichengreenBarry Eichengreen Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing, and Europe’s economy remains unable to grow.
Barry EichengreenBarry Eichengreen The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises.
Barry EichengreenBarry Eichengreen While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult.
Barry EichengreenBarry Eichengreen As for the single market, the E.U.’s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in the short run.
Barry EichengreenBarry Eichengreen More than the Big Mac, Coca Cola, or Levi’s 501 jeans, the dollar is surely the United States’ signature export.
Barry EichengreenBarry Eichengreen
Original quotes
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You were fully clothed in lies, I was naked in truth. Still, when morning came It was I who survived the cold.
Obehi Vessel A.Obehi Vessel A. I loved you as Icarus loved the sun- too close, too much.
David JonesDavid Jones We attract who our souls need to grow.
Mark AnthonyMark Anthony You’re my bad habit, on this dark planet, light up my world like stars, now they’re ashes.
Chris AllchinChris Allchin Permanence is a wonderful magician. Now you see him, next he goes on to perform the greatest disappearing act of all time.
Hamilton K. AmadiHamilton K. Amadi Live to be happy not to impress.
Hayley EvansHayley Evans You shined your light on all the things I’ve been trying so hard to hide.
CindyCindy You are the love I could never escape not that I would ever want to.
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More on division
When fear displaces reason, the result is often irrational hatred and division.
Al GoreAl Gore I would rather have peaceful isolation than divided freedom. Read that again.
Ullie KayeUllie Kaye How is the base sequence, divided into codons? There is nothing in the backbone of the nucleic acid, which is perfectly regular, to show us how to group the bases into codons.
Francis CrickFrancis Crick Just as a circle embraces all that is within it, so does the God-head embrace all. No one has the power to divide this circle, to surpass it, or to limit it.
Hildegard of BingenHildegard of Bingen Your work life is divided into two distinct areas – what matters most and everything else. You will have to take what matters to the extremes and be okay with what happens to the rest. Professional success requires it.
Gary KellerGary Keller Natural bodies are divided into three kingdomes of nature: viz. the mineral, vegetable, and animal kingdoms. Minerals grow, Plants grow and live, Animals grow, live, and have feeling.
Carl LinnaeusCarl Linnaeus The general public has long been divided into two parts; those who think that science can do anything and those who are afraid it will.
Thomas PynchonThomas Pynchon Instead of this absurd division into sexes they ought to class people as static and dynamic.
Evelyn WaughEvelyn Waugh
