Banking system Quote by Joseph Stiglitz

The euro zone was driven by the neoliberal view that markets are always efficient. That in itself is political. There was no pressing economic…

— Joseph Stiglitz

I'm a pessimist about the euro, but not about Europe. So the southern periphery, Spain, Italy, Greece, leave - Italy might be the first…

— Tyler Cowen

The Germans argue - and I can fully understand them - that the euro countries must surrender their sovereignty, because that is the only…

— Charles Dallara

The idea seems to be to use the next treaty talks to strike a grand bargain: Britain will be helpful to those states wishing…

— Daniel Hannan

When Texans suffered from the collapse of the oil market in the 1980s, they could rely on the fiscal union to help them. When…

— Austan Goolsbee

The U.S. fiscal union has worked, in no small part, by enabling subsidies to the Mississippis without requiring the approval of the Minnesotas. It…

— Austan Goolsbee

Massive progress has been made in the last five years. More progress has to be made in terms of fiscal union and banking union.

— Christine Lagarde

They [political leaders ] thought the only problem was the banking system, and if they fixed the banking system, all would be fine. But…

— Joseph Stiglitz

I think what they've been doing is largely almost in firefighting mode without a good conceptual framework - either at the micro or the…

— Joseph Stiglitz

The euro zone must strike for a better governance structure, and there is no alternative to that. Euro zone countries must either develop an…

— Lou Jiwei

Europe and the euro zone have no reason, rationally, to push Greece out of the euro. But this is a system in which many…

— Evangelos Venizelos

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…

— Barry Eichengreen

We are keen to stress that a strong euro zone is good for a strong United Kingdom. It's not for us to write the…

— Nick Clegg

It is true that no member state can be required to make payments to others. But if countries want to offer voluntary assistance, as…

— Wolfgang Schauble

Germany has always stood for an E.U. of the 27 countries. But in light of Britain's continued resistance to further integration steps, as we…

— Wolfgang Schauble