“This financial crisis in Europe would have left Greece in Ruins, but it’s been that way for 2,000 years.”
“You’re in Europe. You’re young. Young people have been going to Europe on a shoestring for a hundred years.”
“While the financial crisis destroyed careers and reputations, and left many more bruised and battered, it also left the survivors with a genuine sense of invulnerability at having made it back from the brink. Still missing in the current environment is a genuine sense of humility.”
“I interpret your question as applying more to financial stability in the euro area than to the euro itself. I do not think there has been a crisis. The euro is the single currency of 330 million people and enjoys a high degree of confidence among investors and savers because it has delivered price stability remarkably well over the last 11½ years. What we had was a situation in which a number of countries had not respected the Stability and Growth Pact. These countries have now engaged in policies of fiscal retrenchment that were overdue. They have to implement vigorously these policies which are decisive for the preservation and consolidation of financial stability in Europe.”
“The financial crisis we are facing today arises from the fact that there is almost no more social, cultural, natural, and spiritual capital left to convert into money.”
“And what if Britain lost? There would be a financial crisis, unemployment, and destitution. Working-class men would take up Ethel’s father’s cry and say that they had never been allowed to vote for the war. The people’s rage against their rulers would be boundless.”