Consists Quote by Peer Steinbruck
“If I had political responsibility, I would want to prepare for a plan B that would foresee that the European currency union, that the eurozone, no longer necessarily consists of 17 member states. And that means to make provisions so that other countries are not pulled into the maelstrom through contagion.”
About This Quote
Source Speech: European Economic Forum, 2009
The speaker urges contingency planning for the eurozone, anticipating possible exits and preventing contagion to other nations.
In simple terms: Plan for eurozone changes and protect other countries.
Key Takeaway
Prepare backup plans for currency union changes.
Themes
economics
policy
risk management
Mood
cautious
analytical
Type
policy
economic
When to use this quote
- government budgeting
- financial regulation
- investment strategy
- crisis response
Key Concepts
contingency planning
financial stability
regional integration
Questions to Reflect On
- How can countries coordinate exit strategies?
- What safeguards prevent contagion?
A Different Perspective
Assumes political will and cooperation, which may be lacking.
