A Quote by Alan Greenspan
Europe is very critical to the United States in the sense not only do we have a fourth of our exports there, but more importantly, a significant proportion of the foreign affiliate profits in fact, half of U.S. corporations, are in Europe.
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Of course, the UK is a significant economy that makes up a quarter of American exports to the EU, more than 50 percent of our exports in certain sectors and over 25 percent of the government procurement opportunities we have in Europe. Brexit reduces the size of the TTIP deal for the United States, and there will need to be an adjustment of expectations accordingly, but Brexit underscores the value of reaching an agreement at this critical moment in the evolution of Europe.
Italy is the fourth-largest economy in Europe and the eighth-largest economy in the world, and its banking system is collapsing. And Germany is desperate. It must maintain its standard of living. It can only do that with exports and Deutsche Bank is very exposed to Italian debt. But so is the rest of Europe.
Unemployment is higher in Europe than in the United States and primarily concentrated in immigrant minority populations, so people are worried about what's going to happen and if American-style ghettos are emerging in Europe. There are some of the problems there that America sees associated with the lack of economic inclusion - family breakdown, gang behavior, and racial tensions. I get the sense that in Europe they are much more concerned about these issues than in the United States.
In Europe, you have very different situation than you do in the United States. In Europe, it's very segregated. And you have the diasporas in Belgium that I saw. And they're being radicalized because they're not assimilated with the culture. I don't think we have that same situation in the United States.
The United States really only accounts for about 3 percent of the economic engagement with Russia. Europe is 40 percent, and so Europe's contribution to this pressure is far more than symbolic. It's very practical. And that's one of the many reasons why we have worked hard to remain in close coordination with our European partners.
A democratic Europe of nation states could be a force for liberty, enterprise and open trade. But, if creating a United States of Europe overrides these goals, the new Europe will be one of subsidy and protection
Most of arts what comes from the States to Europe has something to do with entertainment. I can't imagine artists in the United States having the same kind of isolated position that we have here in Europe. I have a feeling one lives more publically in the States.
Peace in Europe can only come through union in one economic system. The United States of Europe are overdue.
The Federated Republic of Europe-the United States of Europe-that is what must be. National autonomy no longer suffices. Economic evolution demands the abolition of national frontiers. If Europe is to remain split into national groups, then Imperialism will recommence its work. Only a Federated Republic of Europe can give peace to the world.
That was the reason why very few people fleeing the rise of fascism in Europe, especially in Germany, could get to the United States. And there were famous incidents like with the MS Saint Louis, which brought a lot of immigrants, mostly Jewish, from Europe. It reached Cuba, with people expecting to be admitted to the United States from there. But the administration of Franklin D. Roosevelt wouldn't allow them in and they had to go back to Europe where many of them died in concentration camps.
My plan has all that. It's energy independence. It will help our economy. It's a significant tax cut for corporations, including automatic expensing. It's bringing all those profits home from Europe without any taxation. It's lowering our corporate - or our personal rate to 28 percent, the same rate that Ronald Reagan had.
Europe is a community of half a billion people, more than Russia and the United States combined.
I think that if a United States of Europe were to be formed, it would be in our interests to fight for it, as all our old traditions would remain in such a united Europe, whereas if we were to start now as part of the Russian Empire, everything that had ever been in Germany would disappear.
For Europe to play a part in the world on the scale of its wealth and its population and its capacities, Europe has to be united in some way, and Europe is not united.
The United States has some people in Europe with whom we disagree on this matter and a large number of people in Europe, including governments in Europe, with whom we agree.
Why is Caterpillar bad if we create a new job in India or China to receive U.S. exports? It makes no sense to me. We want to drive all the exports we can from the United States. We want to concentrate on all those consumers, outside contractors, customers outside the United States that we possibly can.
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