"The 1992 crisis proved that the existing system……" — Barry 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."
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Barry Eichengreen
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13 Quotes by Barry Eichengreen
Barry Eichengreen has 13 quotes on this site.
A few more worth reading:
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More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export.
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While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be…
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Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has…
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The 24% unemployment reached at the depths of the Great Depression was no picnic.
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As for the single market, the E.U.'s landmark achievement, there is no question that a euro zone breakup would severely…
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For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And,…
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Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure…
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Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand.…
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The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the…
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Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs,…
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Every day it seems more likely that we are destined - or should one say doomed? - to replay the…
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This crisis of long-term unemployment is having a profoundly damaging impact on the lives of those bearing the brunt of…
See all 13 quotes by Barry Eichengreen »
More Crises Quotes
This quote is filed under Crises Quotes,
one of 218 quotes in that category. Here are a few more:
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The wise man does not expose himself needlessly to danger, since there are few things for which he cares sufficiently;…
— Aristotle
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In every age 'the good old days' were a myth. No one ever thought they were good at the time.…
— Brooks Atkinson
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Every State has the primary duty to protect its own population from grave and sustained violations of human rights, as…
— Pope Benedict XVI
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Indeed, the attempt to live according to the notion that the fragments are really separate is, in essence, what has…
— David Bohm
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Financial crises are like fireworks: they illuminate the sky even as they go pop.
— James Buchan
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It is painful to relive things that have caused emotional crises or whatever and find ways to express that musically.
— Eric Clapton
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It's good to remember that in crises, natural crises, human beings forget for awhile their ignorances, their biases, their prejudices.…
— Maya Angelou
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Prayer will get you out of a pinch, prayer will get you out of a crises, prayer will get you…
— T.D. Jakes
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Thus one of Europe's most serious crises will be ended, and all of us, not only in Germany but those…
— Adolf Hitler
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...History shows that ... (people) can be deflected from their natural tendencies by artful propaganda, bogus crises, or other political…
— Robert Higgs
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Research shows that happy people look for opportunity while others see only crises. Surrendering fear is healthy!
— Judith Orloff
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The past year's natural disasters have highlighted the invaluable contributions of volunteers in our communities. They have volunteered their time,…
— Kofi Annan
See all 218 Crises Quotes »