A Quote by Martin Schulz
We won't get any growth in Greece by just imposing cuts. What I would prefer is a special economic zone for Greece.
Related Quotes
It is time to recognise that austerity alone condemns not just Greece but the whole of Europe to the probability of a painful and protracted era of little or no economic growth. This would be a tragedy not just for Greece and for Europe, but for the world.
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.
I will continue to urge creditors to take the steps needed to put Greece on a path towards a durable economic recovery because it's in all of our interests that Greece succeeds.
Greece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.
Greece has given Europe the opportunity to fix a defect in the euro zone, that is the fact that we did not have a fiscal union. Now steps have been taken to begin that process. And there is more solidarity from nation to nation, and that is a good thing. That has been Greece's gift to Europe.
Following Greece's defeat at the hands of Turkey in 1897, Greece's fiscal house was entrusted to a Control Commission. During the 20th century, the drachma was one of the world's worst currencies. It recorded the world's sixth highest hyperinflation. In October 1944, Greece's monthly inflation rate hit 13,800%.
Dealing with Greece's problems will be more difficult if Greece is not a member of the eurozone.
I would caution against fueling cheap populism. First of all, every German who has spent a vacation in Greece knows that the standard of living there isn't higher than it is in Germany. Second, Greece is paying a high price for European assistance.
Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt.
There remain of Europe, first, Macedonia and the part of Thrace that are contiguous to it and extend as far as Byzantium; secondly, Greece; and thirdly, the Islands that are close by. Macedonia, of course, is a part of Greece, yet now, since I am following the nature and shape of the place geographically, I have decided to classify it apart from the rest of Greece and to join it with that part of Thrace.
A United States collapse would be much different than a Greece collapse. Greece can collapse, and there's a ripple. We collapse, and the world feels it.
Greece is not a country that can be humiliated. It is a matter of finding an intersection between the reasonable elements of both sides [EU and Greece] which has to be done.
I do not want Greece to become the negative paradigm for the others - i.e. "make sure you follow exactly what we tell you, otherwise you will be like Greece."
In English the expression 'ancient Greece' includes the meaning of 'finished,' whereas for us Greece goes on living, for better or for worse; it is in life, has not expired yet.
Businesses will only invest in Greece if three conditions are fulfilled. First, there must be a clear commitment to the euro. No businesses will invest if they have to fear that Greece will leave the euro zone at some point. Second, the Greek government must be prepared to work together with European institutions in order to restructure the country.
Starting in Greece, you couldn't really say, 'I'm going to become a film-maker.' A 15-year-old boy in Greece in the '80s and '90s? There was nothing like that happening.
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