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Barry Eichengreen Quotes: The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises.
         

The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises.


Barry Eichengreen
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Other quotes of Barry Eichengreen


As for the single market, the E.U.'s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in the short run.

As for the single market, the E.U.'s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in the short run.



More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export.

More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export.



While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult.

While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult.



The 24% unemployment reached at the depths of the Great Depression was no picnic.

The 24% unemployment reached at the depths of the Great Depression was no picnic.



Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and monetary union.

Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and monetary union.



Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.

Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.





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The cost of freedom is being strong enough to find the implement your own desires.

The cost of freedom is being strong enough to find the implement your own desires.



On the matters where your country is wrong, don’t take side with your country! Because it is always wrong to be on the side of wrong!

On the matters where your country is wrong, don’t take side with your country! Because it is always wrong to be on the side of wrong!



Accursed thirst for gold! what dost thou not compel mortals to do?

Accursed thirst for gold! what dost thou not compel mortals to do?



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I hope to leave my children a sense of empathy and pity and a will to right social wrongs



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...Had proven himself a leader of remarkable ability, a man not only of enterprising ideas, but with the staying power to carry them out.



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We think we learn by growing a plant but we can't know if it's just surviving or truly living? We really don't know anything about a plant until we kill it.



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This page presents the quote "The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises.". Author of this quote is Barry Eichengreen. This quote is about moving forward, disruptive, europe, crisis, euro, unstable, moving,.