Barry Eichengreen Quotes

13 quotes in 255 categories

• More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export.
• 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…
• Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.
• The 24% unemployment reached at the depths of the Great Depression was no picnic.
• 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…
• For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And, for society as a whole,…
• 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…
• 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…
• 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…
• The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spain…
• 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…
• Every day it seems more likely that we are destined - or should one say doomed? - to replay the disastrous economic history of the…
• This crisis of long-term unemployment is having a profoundly damaging impact on the lives of those bearing the brunt of it. We know this thanks…

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