--- title: "Meaning & Key Takeaway of: The monetary union tries to handle two…" description: "\"“The monetary union tries to handle two groups of countries which differ greatly in terms of economic culture. First, the North-West European countries..." image: "https://sms4smile.com/quotes/i/c58/frits-bolkestein-135677_crisis_the-monetary-union-tries-to-handle-two-g_1758852.jpg" --- # The monetary union tries to handle two groups of countries… ![“The monetary union tries to handle two groups of countries which differ greatly in terms of economic culture. First, the North-West European countries […] which aspiring to rules and discipline, and the Mediterranean countries […] which aspiring political solutions to economic problems. The first…” quote by Frits Bolkestein](https://sms4smile.com/quotes/i/c58/frits-bolkestein-135677_crisis_the-monetary-union-tries-to-handle-two-g_1758852.jpg) [Download](https://sms4smile.com/quotes/i/c58/frits-bolkestein-135677_crisis_the-monetary-union-tries-to-handle-two-g_1758852.jpg) [Open image](https://sms4smile.com/quotes/i/c58/frits-bolkestein-135677_crisis_the-monetary-union-tries-to-handle-two-g_1758852.jpg) > ““The monetary union tries to handle two groups of countries which differ greatly in terms of economic culture. First, the North-West European countries \[…\] which aspiring to rules and discipline, and the Mediterranean countries \[…\] which aspiring political solutions to economic problems. The first group \[…\] aspires to solidity, the second group aspires solidarity, that is to say; other people’s money.”” [Frits Bolkestein](https://sms4smile.com/quotes/author/frits-bolkestein/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The monetary union faces cultural and economic divides between Northern and Mediterranean members, highlighting differing priorities of discipline versus solidarity. **In simple terms:** Economic cultures clash within monetary union. Key Takeaway Bridge cultural gaps in policy. Themes Economics Culture European Union Policy Mood analytical concerned Type political economic When to use this quote - policy making - international relations - economic analysis - education - public debate Key Concepts Discipline Solidarity Diverse economies Integration Questions to Reflect On - How can policy respect cultural differences? - What benefits arise from economic solidarity? A Different Perspective Differences may be overstated; compromise possible. ★ ★ ★ ★ ★ No ratings yet [Countries Aspiring](https://sms4smile.com/quotes/about/countries-aspiring-1097778/) [Countries Differ](https://sms4smile.com/quotes/about/countries-differ-1673388/) [Crisis](https://sms4smile.com/quotes/about/crisis/) [Economic Culture](https://sms4smile.com/quotes/about/economic-culture-1673387/) [Europe](https://sms4smile.com/quotes/about/europe/) [European union](https://sms4smile.com/quotes/about/european-union/) [Groups Countries](https://sms4smile.com/quotes/about/groups-countries-1673389/) [Monetary Union](https://sms4smile.com/quotes/about/monetary-union-474114/) [Money](https://sms4smile.com/quotes/about/money/) [Politics](https://sms4smile.com/quotes/about/politics/) ## Related quotes > [Diverse groups of countries can do a lot by trading amongst themselves, exploiting differences in costs, resources, and technologies.](https://sms4smile.com/quotes/daniel-altman/diverse-groups-of-countries-can-do-a-lot-by-trading-amongst/) [Daniel Altman](https://sms4smile.com/quotes/author/daniel-altman/) > [We don't want this globalised economic system which does us so much harm. Men and women have to be at the centre (of an…](https://sms4smile.com/quotes/pope-francis/we-don-t-want-this-globalised-economic-system-which-does-us-so-much/) [Pope Francis](https://sms4smile.com/quotes/author/pope-francis/) > [Animals in different countries have different expressions just as the people in different countries differ in expression.](https://sms4smile.com/quotes/gertrude-stein/animals-in-different-countries-have-different-expressions-just-as-the/) [Gertrude Stein](https://sms4smile.com/quotes/author/gertrude-stein/) > [The euro is a sickly premature infant, the result of an over-hasty monetary union.](https://sms4smile.com/quotes/gerhard-schroder/the-euro-is-a-sickly-premature-infant-the-result-of-an-over-hasty/) [Gerhard Schroder](https://sms4smile.com/quotes/author/gerhard-schroder/) > [We already have a federation. The 11, soon to be 12, member States adopting the euro have already given up part of their sovereignty,…](https://sms4smile.com/quotes/joschka-fischer/we-already-have-a-federation-the-11-soon-to-be-12-member-states/) [Joschka Fischer](https://sms4smile.com/quotes/author/joschka-fischer/) > [“There is another, bleaker reason why Korea has little reason to fear that other countries will try to emulate the K-pop export model: the…](https://sms4smile.com/quotes/euny-hong/there-is-another-bleaker-reason-why-korea-has-little-reason-to-fear/) [Euny Hong](https://sms4smile.com/quotes/author/euny-hong/) > [“K-pop export model: the star-making process is so unpleasant that there are not many countries whose aspiring stars would put up with it. Korean…](https://sms4smile.com/quotes/euny-hong/k-pop-export-model-the-star-making-process-is-so-unpleasant-that/) [Euny Hong](https://sms4smile.com/quotes/author/euny-hong/) > [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…](https://sms4smile.com/quotes/barry-eichengreen/political-union-means-transferring-the-prerogatives-of-national/) [Barry Eichengreen](https://sms4smile.com/quotes/author/barry-eichengreen/) > [I'm convinced that, in the long term, a monetary union includes a joint debt policy under strict, mutually agreed upon conditions.](https://sms4smile.com/quotes/jean-claude-juncker/i-m-convinced-that-in-the-long-term-a-monetary-union-includes-a-joint/) [Jean-Claude Juncker](https://sms4smile.com/quotes/author/jean-claude-juncker/) > [The economic union - creating a big common market, like the United States, so that you can compete across borders. There are common rules,…](https://sms4smile.com/quotes/jamie-dimon/the-economic-union-creating-a-big-common-market-like-the-united/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [The euro is a vital issue for Germany. There is no other country that derives as much benefit from the common domestic market and…](https://sms4smile.com/quotes/peer-steinbruck/the-euro-is-a-vital-issue-for-germany-there-is-no-other-country-that/) [Peer Steinbruck](https://sms4smile.com/quotes/author/peer-steinbruck/) > [It is obvious that the monetary union among 17 very different European countries does not work. As an economist, I know that the Eurozone…](https://sms4smile.com/quotes/vaclav-klaus/it-is-obvious-that-the-monetary-union-among-17-very-different/) [Vaclav Klaus](https://sms4smile.com/quotes/author/vaclav-klaus/) > [The goal of European unification can only be achieved if everyone participates, perhaps with exceptions in some areas. Not all countries are part of…](https://sms4smile.com/quotes/wolfgang-schauble/the-goal-of-european-unification-can-only-be-achieved-if-everyone/) [Wolfgang Schauble](https://sms4smile.com/quotes/author/wolfgang-schauble/) > [I don't understand why the Euro-sceptics think monetary union will lead to a federal Europe. It seems to me that the opposite is the…](https://sms4smile.com/quotes/harry-enfield/i-don-t-understand-why-the-euro-sceptics-think-monetary-union-will/) [Harry Enfield](https://sms4smile.com/quotes/author/harry-enfield/) > [I'm a firm believer in the monetary union.](https://sms4smile.com/quotes/wolfgang-schauble/i-m-a-firm-believer-in-the-monetary-union/) [Wolfgang Schauble](https://sms4smile.com/quotes/author/wolfgang-schauble/) ## More Crisis quotes > [People in great groups have blinders on. Their work is all they see. They value failures as learning opportunities. They are optimistic, not realistic,…](https://sms4smile.com/quotes/warren-g-bennis/people-in-great-groups-have-blinders-on-their-work-is-all-they-see/) [Warren G. Bennis](https://sms4smile.com/quotes/author/warren-g-bennis/) > [It is proposed that a form of free dialogue may well be one of the most effective ways of investigating the crisis which faces…](https://sms4smile.com/quotes/david-bohm/it-is-proposed-that-a-form-of-free-dialogue-may-well-be-one-of-the/) [David Bohm](https://sms4smile.com/quotes/author/david-bohm/) > [The crisis of our diminishing water resources is just as severe (if less obviously immediate) as any wartime crisis we have ever faced. Our…](https://sms4smile.com/quotes/jim-wright/the-crisis-of-our-diminishing-water-resources-is-just-as-severe-if/) [Jim Wright](https://sms4smile.com/quotes/author/jim-wright/) > [It is popular to call it a crisis of the Western world. It is in fact a crisis of the whole world. Communism, which…](https://sms4smile.com/quotes/whittaker-chambers/it-is-popular-to-call-it-a-crisis-of-the-western-world-it-is-in-fact/) [Whittaker Chambers](https://sms4smile.com/quotes/author/whittaker-chambers/) > [The financial crisis we are facing today arises from the fact that there is almost no more social, cultural, natural, and spiritual capital left…](https://sms4smile.com/quotes/charles-eisenstein/the-financial-crisis-we-are-facing-today-arises-from-the-fact-that/) [Charles Eisenstein](https://sms4smile.com/quotes/author/charles-eisenstein/) > [Ideal for the child and society in the best of times, Rudolf Steiner's brilliant process of education is critically needed and profoundly relevant now…](https://sms4smile.com/quotes/joseph-chilton-pearce/ideal-for-the-child-and-society-in-the-best-of-times-rudolf-steiner-s/) [Joseph Chilton Pearce](https://sms4smile.com/quotes/author/joseph-chilton-pearce/) > [In a couple of decades you have half of the wells that are drilled right now, and you're talking about numbers in the millions…](https://sms4smile.com/quotes/josh-fox/in-a-couple-of-decades-you-have-half-of-the-wells-that-are-drilled/) [Josh Fox](https://sms4smile.com/quotes/author/josh-fox/) > [Disasters affect every state, and North Carolinians have given our own tax dollars to help neighbors and those in other states in times of…](https://sms4smile.com/quotes/roy-cooper/disasters-affect-every-state-and-north-carolinians-have-given-our-own/) [Roy Cooper](https://sms4smile.com/quotes/author/roy-cooper/) > [Things happen too quickly, crisis follows crisis, the soil of our minds is perpetually disturbed. Each of us, to relieve his feelings, broadcasts his…](https://sms4smile.com/quotes/jan-struther/things-happen-too-quickly-crisis-follows-crisis-the-soil-of-our-minds/) [Jan Struther](https://sms4smile.com/quotes/author/jan-struther/) > [When this coronavirus crisis is over, what kind of society will we be? A more important question is what kind of society do we…](https://sms4smile.com/quotes/caroline-lucas/when-this-coronavirus-crisis-is-over-what-kind-of-society-will-we-be/) [Caroline Lucas](https://sms4smile.com/quotes/author/caroline-lucas/) > [The average ordinary citizen can do a lot of different things when it comes to the climate crisis.](https://sms4smile.com/quotes/lawrence-bender/the-average-ordinary-citizen-can-do-a-lot-of-different-things-when-it/) [Lawrence Bender](https://sms4smile.com/quotes/author/lawrence-bender/) > [The turning points of lives are not the great moments. The real crises are often concealed in occurrences so trivial in appearance that they…](https://sms4smile.com/quotes/george-washington/the-turning-points-of-lives-are-not-the-great-moments-the-real-crises/) [George Washington](https://sms4smile.com/quotes/author/george-washington/) > [Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty…](https://sms4smile.com/quotes/anna-lindh/firstly-economic-globalisation-has-brought-prosperity-and-development/) [Anna Lindh](https://sms4smile.com/quotes/author/anna-lindh/) > [If we Europeans are not in a state to be able to solve the refugee crisis ourselves, if we only depend on Plan B…](https://sms4smile.com/quotes/sebastian-kurz/if-we-europeans-are-not-in-a-state-to-be-able-to-solve-the-refugee/) [Sebastian Kurz](https://sms4smile.com/quotes/author/sebastian-kurz/) > [Urbanisation is not a crisis but an opportunity, seeing it as a crisis is wrong. And not just villages, we want everyone to get…](https://sms4smile.com/quotes/narendra-modi/urbanisation-is-not-a-crisis-but-an-opportunity-seeing-it-as-a-crisis/) [Narendra Modi](https://sms4smile.com/quotes/author/narendra-modi/) [Browse all 3,419 Crisis quotes ](https://sms4smile.com/quotes/about/crisis/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“The monetary union tries to handle two groups of countries which differ greatly in terms of economic culture. First, the North-West European countries […] which aspiring to rules and discipline, and the Mediterranean countries […] which aspiring political solutions to economic problems. The first group […] aspires to solidity, the second group aspires solidarity, that is to say; other people’s money.”", "creator": { "@type": "Person", "name": "Frits Bolkestein" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/frits-bolkestein/the-monetary-union-tries-to-handle-two-groups-of-countries-which/", "about": { "@type": "Thing", "name": "Crisis" }, "@id": "https://sms4smile.com/quotes/frits-bolkestein/the-monetary-union-tries-to-handle-two-groups-of-countries-which/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c58/frits-bolkestein-135677_crisis_the-monetary-union-tries-to-handle-two-g_1758852.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c58/frits-bolkestein-135677_crisis_the-monetary-union-tries-to-handle-two-g_1758852.jpg", "url": "https://sms4smile.com/quotes/i/c58/frits-bolkestein-135677_crisis_the-monetary-union-tries-to-handle-two-g_1758852.jpg", "width": 1080, "height": 1080, "caption": "“The monetary union tries to handle two groups of countries which differ greatly in terms of economic…” — Frits Bolkestein", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Frits Bolkestein", "item": "https://sms4smile.com/quotes/author/frits-bolkestein/" }, { "@type": "ListItem", "position": 4, "name": "“The monetary union tries to handle...", "item": "https://sms4smile.com/quotes/frits-bolkestein/the-monetary-union-tries-to-handle-two-groups-of-countries-which/" } ], "@id": "https://sms4smile.com/quotes/frits-bolkestein/the-monetary-union-tries-to-handle-two-groups-of-countries-which/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```