Economic Quote by Michael Hudson

The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the…

— George Soros

There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European…

— George Osborne

Europe's financial system is fragmented, although the gap in funding costs for banks within the euro area is no longer as wide as it…

— Mario Draghi

The Eurozone allows for the largely unimpeded movement of people, goods, services, and capital across borders. It has also resulted in unprecedented cooperation on…

— Pete Hoekstra

“...the centrality of competitiveness as the key to growth is a recurrent EU motif. Two decades of EC directives on increasing competition in every…

— Mark Blyth

The key problem is the debt restructuring in the euro zone. As long as the debt burden is not reduced, there is no chance…

— George Soros

The current Eurozone is obviously dysfunctional. And serious people within Germany and elsewhere know this to be the case and know things cannot function…

— Tariq Ali

At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in…

— Alan Greenspan

“It was only with the crisis that debt soared. Yet many Europeans in key positions - especially politicians and officials in Germany, but also…

— Paul Krugman

A lot more people are willing to invest in bonds denominated in euros. And there was the fiscal discipline argument, which is that this…

— Austan Goolsbee

Germany has to put the broader European interest on the same level as its own national interest, or the euro is toast.

— John Lanchester

Eurobonds are absolutely wrong. In order to bring about common interest rates, you need similar competitiveness levels, similar budget situations. You don't get them…

— Angela Merkel