A Quote by Charles Dallara
The Germans argue - and I can fully understand them - that the euro countries must surrender their sovereignty, because that is the only way to implement budget discipline in a fiscal union.
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In the end, the politics of the euro zone weren't strong enough to create a fully integrated fiscal union with a common banking system, etc.
The euro zone must strike for a better governance structure, and there is no alternative to that. Euro zone countries must either develop an exit mechanism for troubled members, or it should embrace a closer political union: an effective governance structure that is capable of enforcing rules.
The euro is not a currency. It is a political weapon to force countries to implement the policies decided by the E.U. and keep them on a leash.
As to the euro zone avant-garde, it must go towards more solidarity and integration: a common budget, a common borrowing capability, and fiscal convergence.
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.
I was fortunate, I guess, to be part of some good fiscal discipline in the Bush administration. The budget I put forward was a balanced budget.
The Buddha’s principal message that day was that holding on to anything blocks wisdom. Any conclusion that we draw must be let go. The only way to fully understand the bodhichitta teachings, the only way to practice them fully, is to abide in the unconditional openness of the prajna, patiently cutting through all our tendencies to hang on.
We already have a federation. The 11, soon to be 12, member States adopting the euro have already given up part of their sovereignty, monetary sovereignty, and formed a monetary union, and that is the first step towards a federation.
Budgets don't balance themselves, it takes fiscal discipline, and both the union and the government will have to show taxpayers that discipline.
We must now surrender to the obligation to understand and to care. We must surrender ourselves to becoming conscious, thinking members of the human race. We must put down the temptation to powerlessness and surrender to the questions of the moment.
The administration's reckless plan doesn't do one thing to ensure the long term security of social security, rather it undermines our economy. We need a budget and a fiscal policy that reflects the values and interests of America and restores fiscal discipline.
Germans tend to forget now that the euro was largely a Franco-German creation. No country has benefited more from the euro than Germany, both politically and economically. Therefore what has happened as a result of the introduction of the euro is largely Germany's its responsibility.
First of all, Greece won't go down. We're talking about a country that is capable of making change. Europe will not allow the destabilization of the 27-country euro zone. But if there were no action, then markets would start becoming jittery about other countries - and not only Spain and Portugal, but other countries in the European Union.
I will be Madame Frexit if the European Union doesn't give us back our monetary, legislative, territorial, and budget sovereignty.
European Union partners never said European Union partners're going to renege on any promises, European Union partners said that European Union partners promises concern a four-year parliamentary term, european Union partners will be spaced out in an optimal way, in a way that is in tune with our bargaining stance in Europe and also with the fiscal position of the Greek state.
I believe Nebraskans appreciate the fiscal discipline I've brought to state government, balancing the budget without raising taxes and prioritizing education funding.
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