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At Last We Know, Then
(Greek Prime Minister) Papandreou has said that he didn`t want one cent. The German government will not give one cent, anyway.
Quote by: Rainer Bruderie (German Economy Minister)
Quote made on: 05/03/2010
Quote Submitted by: Tony Bright
Source: http://www.rtbf.be/info/economie/ue
Editor's Notes
So there we have it. The Greeks are unlikely to be getting any cents out of Germany.
It`s fair to say we`ll all be watching that space pretty closely over the course of the next few weeks.
(2 votes, average: 5.50 out of 10)
Loading ...Published on: May 29, 2012
Hardly A Wim-Win On The Good Ship Euro
It is sometimes said that while the single monetary policy may be “right” for the euro area as a whole, it is “wrong” for many individual countries within the area. I disagree with this view. First, it overlooks the fact that, within a single currency, area adjustment can occur via prices and wages.
Quote by: The then President of the European Central Bank, WIM DUISENBERG
Quote made on: 05/11/1999
Quote Submitted by: Yvonne Beere
Source: Speech delivered at "Nieuwspoort" in The Hague, Netherlands
Editor's Notes
The capacity for single monetary policy to adapt to changing circumstances has indeed been brought into sharper focus in the light of recent events. For instance, the effect of adjusting Spanish wages may not be so relevant when approximately one in every four workers cannot currently obtain employment.
Spain`s Foreign Minister told state radio last week: “This is like the Titanic. If there`s a sinking here, even the first-class passengers drown”
Given that the richest “passengers” within the EU have an unfortunate reputation for securing the best vantage points on holiday, it is hoped that they will be able to do something more than re-arrange the deckchairs on this particular journey.
(No Ratings Yet)
Loading ...Published on: April 29, 2012
