Barry Eichengreen Quotes

• Las consecuencias de un colapso no serían agradables. Cualquiera que fuera el país que lo precipitara -Alemania amenazando con abandonar el euro, o Grecia o España haciéndolo de hecho- desencadenaría el caos económico y provocaría la ira de sus vecinos.

  Barry Eichengreen

  Country, Wrath, Spain

  "Unity of the European Union is about to be tested" by Barry Eichengreen, www.theguardian.com. December 13, 2012.

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

  Barry Eichengreen

  Jeans, Signatures, United States

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• Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing, and Europe's economy remains unable to grow.

  Barry Eichengreen

  Crush, Europe, Southern

  "Unity of the European Union is about to be tested" by Barry Eichengreen, www.theguardian.com. December 13, 2012.

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• For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And, for society as a whole, there is the danger that the productive capacity of a significant portion of the labour force will be impaired.

  Barry Eichengreen

  Long, Tragedy, Unemployment

  "US unemployment: some lessons in sharing from the Great Depression" by Barry Eichengreen, www.theguardian.com. June 12, 2012.

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• 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.

  Barry Eichengreen

  Together, Painful, Politician

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• En cuanto al mercado único, logro histórico de la UE, no cabe duda de que una ruptura de la zona euro perturbaría gravemente su funcionamiento a corto plazo.

  Barry Eichengreen

  Running, Breakup, Achievement

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

  Barry Eichengreen

  Depth, Unemployment, Picnics

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• 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.

  Barry Eichengreen

  Mean, Europe, Political

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

  Barry Eichengreen

  Political, Division, Reason

  "Unity of the European Union is about to be tested" by Barry Eichengreen, www.theguardian.com. December 13, 2012.

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• 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

  Moving, Europe, Unstable

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• Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated that as many as two million workers avoided unemployment as a result of his efforts to promote work-sharing.

  Barry Eichengreen

  Government, Two, Effort

  "US unemployment: some lessons in sharing from the Great Depression" by Barry Eichengreen, www.theguardian.com. June 12, 2012.

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