Abandon Quote by Barry 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.”
About This Quote
A eurozone collapse would cause severe economic turmoil and anger neighboring nations.
In simple terms: Eurozone breakup leads to chaos and resentment.
Prevent fiscal divergence within unions.
Themes
Mood
Type
When to use this quote
- policy planning
- financial risk
- EU negotiations
Key Concepts
Questions to Reflect On
- What safeguards can deter a breakup?
- How would neighboring economies respond?
Political realities may limit solutions.