A Quote by Athanasios Orphanides

I would say that fears of the euro area breaking up are unfounded.

Athanasios Orphanides

Quote Topics

Area Breaking Euro Fears Say Up Would

Quote Author

Athanasios Orphanides
Cypriot - Economist
Born: March 22, 1962

Interest rates do not have to be identical across the whole euro area, but it is unacceptable if major differences arise from broken capital markets or concern about a euro area break-up.

Mario Draghi

In my min,d there is arguably a greater risk of a default on the debt of a U.S. state than there is on the debt of a euro-area member. I consider it unthinkable that a euro-area country would default.

Athanasios Orphanides

At the time of the formation of the euro, I would say most American economists said that's not a good idea; that's not a currency area that makes sense. And the answer from Europe was, 'How is Missouri and Mississippi a currency area?' But the flaw in that was not recognizing the importance of mobility.

Austan Goolsbee

[Do you worry unnecessarily about the future? Remember most fears are just False Evidence Appearing Real. Don't let unfounded fears rob you of the joys of life or you too will say...] There has been much tragedy in my life; [and] at least half of it actually happened.

Mark Twain

The uncontrolled increase of the euro rate vis-a-vis the dollar threatens employment growth in the euro area.

Peter Bofinger

We link our future to the euro, to the euro zone, and to the European Union while being the nearest neighbor of the United Kingdom with, obviously, a common travel area and a very close working relationship with the U.K.

Enda Kenny

Two decisions have damaged the stability both of the euro and of Europe: the premature admission of Greece to the euro area and the breach and subsequent weakening of the stability and growth pact.

Helmut Kohl

As Dutch, British and French explorers literally put this Great Southern Land on the map it would be ridiculous to say that modern day Australia is anything other than a grand - and successful - outpost of Euro-colonialism and, more specifically Anglo-Celt British colonialism. It's a fact of life like the Euro-colonization of the Americas etc. If it was an outpost of, let's say, Iranian or Zimbabwean colonialism would so many people still be so desperately trying to get into Australia by any means necessary, legal or otherwise? It's doubtful. Thank the Gods for Euro-colonialism!

Douglas Pearce

When I first used to tour, guys would come up and say, 'Where's the fight club in my area?' and I would say, 'There isn't one.' And they'd say, 'No, no, you can tell me, you can tell me.'

Chuck Palahniuk

Italy may well be the main problem. It has benefited most from the euro by having been able to get the euro interest rate instead of what otherwise would have been its own. That would be much higher because Italy has been accumulating so much debt. In the past, Italy has inflated away its debt. The virtue of the euro is that Italy can't do it alone. A tight ECB policy wouldn't permit that to happen again.

Milton Friedman

Greeks have to know that they are not alone ... Those who are fighting for the survivor of Greece inside the Euro area are deeply harmed by the impression floating around in the Greek public opinion that Greece is a victim. Greece is a member of the EU and the euro. I want Greece to be a constructive member of the Union because the EU is also benefiting from Greece.

Jean-Claude Juncker

Unfounded fears about your competence and abilities can cripple your unique talents and gifts, which are waiting to be released.

Dan Miller

If people do not believe in Europe and in the euro area, it must be dismantled.

Emmanuel Macron

I don't want euro bonds that serve to mutualize the entire debt of the countries in the euro zone. That can only work in the longer-term. I want euro bonds to be used to finance targeted investments in future-oriented growth projects. It isn't the same thing. Let's call them 'project bonds' instead of euro bonds.