--- title: "Meaning & Key Takeaway of: The Germans argue - and I can fully…" description: "\"The Germans argue - and I can fully understand them - that the euro countries must surrender their sovereignty, because that is the only way to impleme..." image: "https://sms4smile.com/quotes/i/618/charles-dallara-19004_budget_the-germans-argue-and-i-can-fully-unders_151128.jpg" --- # The Germans argue - and I can fully understand them - that… ![“The Germans argue - and I can fully understand them - that the euro countries must surrender their sovereignty, because that is the only way to implement budget discipline in a fiscal union.” quote by Charles Dallara](https://sms4smile.com/quotes/i/618/charles-dallara-19004_budget_the-germans-argue-and-i-can-fully-unders_151128.jpg) [Download](https://sms4smile.com/quotes/i/618/charles-dallara-19004_budget_the-germans-argue-and-i-can-fully-unders_151128.jpg) [Open image](https://sms4smile.com/quotes/i/618/charles-dallara-19004_budget_the-germans-argue-and-i-can-fully-unders_151128.jpg) > “The Germans argue - and I can fully understand them - that the euro countries must surrender their sovereignty, because that is the only way to implement budget discipline in a fiscal union.” [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Eurozone countries may need to cede sovereignty for fiscal discipline, a contentious but possibly necessary step. **In simple terms:** Sovereignty may be sacrificed for budget control. Key Takeaway Consider trade‑offs between autonomy and fiscal stability. Themes economics sovereignty budget discipline policy Mood analytical serious Type policy philosophical When to use this quote - EU negotiations - government budgeting - policy reform Key Concepts fiscal union political integration trade‑offs Questions to Reflect On - Is sovereignty worth preserving at all costs? - How can democratic input be ensured? 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We need to take a look at what they're calling "data… ](https://sms4smile.com/quotes/edward-snowden/brazil-went-to-the-un-and-said-we-need-new-standards-for-this-we-need/) [Edward Snowden](https://sms4smile.com/quotes/author/edward-snowden/) > [Nations sometimes flourish by denying the crimes that brought them into being. Only when the original invasion, occupation, extermination or usurpation has been safely…](https://sms4smile.com/quotes/terry-eagleton/nations-sometimes-flourish-by-denying-the-crimes-that-brought-them/) [Terry Eagleton](https://sms4smile.com/quotes/author/terry-eagleton/) ## More by Charles Dallara > [A core group of the world's leading economies need to come together and hammer out an understanding.](https://sms4smile.com/quotes/charles-dallara/a-core-group-of-the-world-s-leading-economies-need-to-come-together/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [How can the United States preserve its financial and security leadership role when it conducts itself with such ineptitude and such disregard for the…](https://sms4smile.com/quotes/charles-dallara/how-can-the-united-states-preserve-its-financial-and-security/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [The emphasis so far on fiscal austerity, while to a degree necessary for the countries facing market funding difficulties, is excessive when carried out…](https://sms4smile.com/quotes/charles-dallara/the-emphasis-so-far-on-fiscal-austerity-while-to-a-degree-necessary/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [If the official community is interested in asking the private sector to take another look at Greece, then it will have to be only…](https://sms4smile.com/quotes/charles-dallara/if-the-official-community-is-interested-in-asking-the-private-sector/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [I had the privilege of living in Greece in the early 1970s.](https://sms4smile.com/quotes/charles-dallara/i-had-the-privilege-of-living-in-greece-in-the-early-1970s/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [2005 is highly likely to be a more challenging environment, both for policymakers and investors.](https://sms4smile.com/quotes/charles-dallara/2005-is-highly-likely-to-be-a-more-challenging-environment-both-for/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [When you inject capital into the parent, it may or may not benefit the subsidiary.](https://sms4smile.com/quotes/charles-dallara/when-you-inject-capital-into-the-parent-it-may-or-may-not-benefit-the/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [I think Putin will have to find a way to signal, even if it's a modest signal, an openness to dialogue.](https://sms4smile.com/quotes/charles-dallara/i-think-putin-will-have-to-find-a-way-to-signal-even-if-it-s-a-modest/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [If you step back and think about it, just a little over two years ago, in 2009, it was not surprising at all to…](https://sms4smile.com/quotes/charles-dallara/if-you-step-back-and-think-about-it-just-a-little-over-two-years-ago/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [It was very important for us to hear that both European governments and the IMF are going to sustain and augment their commitment to…](https://sms4smile.com/quotes/charles-dallara/it-was-very-important-for-us-to-hear-that-both-european-governments/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [I think that it would be a mistake for any institution to think that their stake in a default or in a voluntary accord…](https://sms4smile.com/quotes/charles-dallara/i-think-that-it-would-be-a-mistake-for-any-institution-to-think-that/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [It is time to recognise that austerity alone condemns not just Greece but the whole of Europe to the probability of a painful and…](https://sms4smile.com/quotes/charles-dallara/it-is-time-to-recognise-that-austerity-alone-condemns-not-just-greece/) [Charles Dallara](https://sms4smile.com/quotes/author/charles-dallara/) > [Unfortunately, I think we could see that fairly early in 2015: The cloud of economic weakness in Russia is spreading over Europe. 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A big show with a big budget, and…](https://sms4smile.com/quotes/soupy-sales/they-offered-me-1-500-to-do-a-week-of-the-golden-girls-can-you/) [Soupy Sales](https://sms4smile.com/quotes/author/soupy-sales/) > [In my mid-20s I worked at the White House Office of Management and Budget.](https://sms4smile.com/quotes/margaret-hoover/in-my-mid-20s-i-worked-at-the-white-house-office-of-management-and/) [Margaret Hoover](https://sms4smile.com/quotes/author/margaret-hoover/) > ['The Librarians' is a show that really needs to have ten days, but we shoot it in seven, so the workload is really tremendous,…](https://sms4smile.com/quotes/noah-wyle/the-librarians-is-a-show-that-really-needs-to-have-ten-days-but-we/) [Noah Wyle](https://sms4smile.com/quotes/author/noah-wyle/) > [In a budget this massive, there are certainly areas where I think we could do much better.](https://sms4smile.com/quotes/mac-thornberry/in-a-budget-this-massive-there-are-certainly-areas-where-i-think-we/) [Mac Thornberry](https://sms4smile.com/quotes/author/mac-thornberry/) > [As soon as you're at the higher levels of budgeting, you've got to get the film made, and the only way to support the…](https://sms4smile.com/quotes/ridley-scott/as-soon-as-you-re-at-the-higher-levels-of-budgeting-you-ve-got-to-get/) [Ridley Scott](https://sms4smile.com/quotes/author/ridley-scott/) > [I don't want to revisit history or try to re-interpret it, you know, but starting from where we are now, given the experience that…](https://sms4smile.com/quotes/jill-stein/i-don-t-want-to-revisit-history-or-try-to-re-interpret-it-you-know/) [Jill Stein](https://sms4smile.com/quotes/author/jill-stein/) > [If we're going to have an unconventional budget, we probably need an unconventional process to get there.](https://sms4smile.com/quotes/anthony-foxx/if-we-re-going-to-have-an-unconventional-budget-we-probably-need-an/) [Anthony Foxx](https://sms4smile.com/quotes/author/anthony-foxx/) > [The American people, in their own families, they understand that you have to do that. 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