We must stress that the euro has been beneficial to the European Union because, otherwise, in this context of international turmoil, every country would have to devalue their currencies.
quote by Jean-Pierre Raffarin
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Related quotes
I'm a great supporter of the European Union. I didn't support entry to the Euro, not because I'm against it in principle but because I didn't think it was economically right for Britain. But that doesn't make me any less pro-European.
quote by Gordon Brown
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We should be moving toward local currencies not global or European currencies.
quote by David Korten
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So, the international community are all the countries that are important: the United States definitely everywhere; the European Union because it is very important, and also, they do show a great deal of international responsibility; and then the local players.
quote by Lakhdar Brahimi
Submitted by Lucian Velea
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They Let 'em Fail
Iceland refused to take a loan
From Banksters at the IMF
Instead let banks fail,
Kept the debt...
And sent the loan sharks home
ROTMS
Source: Bloomberg
Iceland’s President Olafur R. Grimsson said his country is better off than Ireland thanks to the government’s decision to allow the banks to fail two years ago and because the krona could be devalued.
“The difference is that in Iceland we allowed the banks to fail, ” Grimsson said in an interview with Bloomberg Television’s Mark Barton today. “These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks.”
Ireland’s Prime Minister Brian Cowen said this week his government has discussed an 85 billion-euro ($112 billion) bailout with the European Union and International Monetary Fund after the country’s banks threatened to bring the euro member to the brink of bankruptcy. Iceland’s banks, which still owe creditors about $85 billion, were split to create domestic units needed to keep the financial system running, while foreign liabilities remained within the failed lenders.
As a consequence, “Iceland is faring much better than anybody expected, ” Grimsson said. The Icelandic state’s liability on foreign depositor claims stemming from Icesave accounts at failed Landsbanki Islands hf should be put to a national referendum, he said.
“How far can we ask ordinary people - farmers and fishermen and teachers and doctors and nurses - to shoulder the responsibility of failed private banks, ” said Grimsson. “That question, which has been at the core of the Icesave issue, will now be the burning issue in many European countries.”
poem by Ray Lucero
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At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.
quote by Angela Merkel
Submitted by Veronica Serbanoiu
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Road testing the effects of regulation on European business must become second nature to the European Union.
quote by John Hutton
Submitted by Lucian Velea
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Today I am sixteen again
A statue stands at the gate
of the school,
marking a place of distinction
where children get the highest grades
in the country
play rugby, cricket
and golf at international level.
Today I am sixteen again
and have to go home
as the school has been closed
because of intimidation
by union thugs, from a union
to which the teachers here
do not belong.
Five minibus taxis’s stopped
in the school yard
and black adults got out,
threw bricks through windows,
set the rugby, hockey and soccer fields alight
by splashing gasoline
and the police do not intervene.
The principal is scared
about our safety
and although the teachers here
are not on strike,
school has been cancelled
and the country is going to the ground,
falling to pieces
while a union is striking.
poem by Gert Strydom
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We have used the presence of UNMIK, as well as other European and American agencies to establish a legal framework compatible with the European Union and that is already an advantage. We have seen the positive effects of this and our parliament will continue to go this way.
quote by Ibrahim Rugova
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The European Union, which is not directly responsible to voters, provides an irresistible opportunity for European elites to seize power in order to impose their own vision on a newly socially regimented Europe.
quote by Maggie Gallagher
Submitted by Lucian Velea
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China Town Is Bigger Than Little Italy
In China Town it's the biggest thing around
now where is Little Italy to be found?
United States has made China great
Even in lower Manhattan today
China town is bigger than all countries I say.
Donald Trump says that US of A
has become the wimping post of China today.
I can see now how this statement sounds—
we have to bring back our country on even ground.
Currencies have been faked all across the globe
there is a lot out the American people don't know.
It all can be controlled with International trade
we need to start dictating how we play.
Bring United States back so we can compete
instead of being lead in this international parade.
Written by Christina Sunrise on October 13,2012
www.suzae.com www.suechevalier.com
poem by Christina Sunrise
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Georgia is not just a European country, but one of the most ancient European countries.
quote by Mikhail Saakashvili
Submitted by Lucian Velea
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Indeed, the creators of the euro envisioned it as an instrument to promote political union.
quote by Gerhard Schroder
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At Leeds the idea of an international labour organization appeared in a trade-union text which also drew attention to the danger to the working classes inherent in the existence of international capitalist competition.
quote by Leon Jouhaux
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Not exclusively, but the bulk of our local economy should be covered by local currencies, which is more efficient than having global currencies which lose connection with reality in the markets, shops and communities of the people.
quote by David Korten
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People were really interested in what was going on because of the international context of the Cold War.
quote by Ryszard Kapuscinski
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As far as the international issues are concerned, the most important thing is the state of the transatlantic relationships, Euro-Atlantic relationships: how to develop them and how to strengthen them further.
quote by Marek Belka
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There are severe limitations on civil rights. In the international arena, Iran is turning into an isolated country, and the international community is becoming more hostile toward it.
quote by Moshe Katsav
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We are going to sign a treaty with Mexico. We are competing internationally. We need another international airport for international cargo, international travel, international businesses.
quote by Richard M. Daley
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We don't want protectionism at the heart of the European Union.
quote by Guy Verhofstadt
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The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.
quote by Robert C. Solomon
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