A Quote by Joseph Stiglitz

While it was an experiment to bring them together, nothing has divided Europe as much as the euro. — © Joseph Stiglitz
While it was an experiment to bring them together, nothing has divided Europe as much as the euro.
Europe is sort of like the Soviet Union in the '30s and '40s. There was an argument, is it reformable or not? There is a feeling, and I think it's correct, that the European Union, the eurozone, and the euro, is not reformable, as a result of the Lisbon treaties and the other treaties that have created the euro. Europe has to be taken apart in order to be put together not on a right-wing, neoliberal basis, but on a more social basis.
Giving Northern Europe a veto over Southern Europe's budgets will not hold a monetary union together. The euro zone will continue to need the weaker countries to stomach decades of high unemployment to grind down wages.
Europe must dissipate any doubts over the euro, affirm that the euro is an irreversible project and act in consequence.
Is Europe going to be breaking? I don't think so. I think the euro will stay. I think at the end of the day Europeans will find the solutions in order to hold Europe together.
Nothing would be better today if Europe were divided or smaller. Today we have to say loud and clear that the crises, which have affected Europe cannot serve as a pretext for its disintegration. A mini-Europe would be the worst response to the maxi problems we have to face.
It's political glue inside Europe to keep it together - the euro is the best thing going for it since the creation of the common market.
If a Chancellor is trying to push something through, he must be a man of power. And if he's smart, he knows when the time is ripe. In one case - the euro - I was like a dictator... The euro is a synonym for Europe.
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.
In sum, as we enter the 21st century, the Euro-Atlantic community - North America and Europe together - has to face some tough challenges when it comes to improving our capability.
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'm going to fight to bring us all together, we're a divided nation. Very divided nation right now. We're going to be unified nation, a nation of love.
Our position in Europe is not negotiable. The Greek people will defend it by all means. But participation in the euro involves rules and obligations, which we must consistently meet. Greece belongs to Europe and Europe cannot be envisaged without Greece.
I learned that if you bring black people together, you bring them together with a song. To this day, I don't understand how people think they can bring anybody together without a song.
As our nation has become more divided, there is a resonance for a message to bring people together.
I don't think I am a great. I think I've done nothing. I've done nothing in soccer. I've won leagues, but I haven't won the Champions League, the World Cup, the Euro. Winning the Euro in France, that wouldn't be bad.
So Europe's a big driver. And at one point, if the euro hadn't devalued, they would have been making as much money as the US with half the stores. Returns were higher.
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