A Quote by Michael Hudson
Look at Ukraine. Its currency, the hernia, is plunging. The euro is really in a problem. Greece is problematic as to whether it can pay the IMF, which is threatening not to be part of the troika with the European Central Bank and the European Union making more loans to enable Greece to pay the bondholders and the banks. Britain is having a referendum as to whether to withdraw from the European Union, and it looks more and more like it may do so. So the world's politics are in turmoil.
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It was very important for us to hear that both European governments and the IMF are going to sustain and augment their commitment to Greece because they don't pursue the debt reduction route. They're actually extending more debt, more loans to Greece.
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As a European Union member state, as a country committed throughout all its history to the fight for the values that I have made my own, as the fifth world power, as a country that has marked my life and European Union houses part of European Union, France can act if it wishes to do so.
For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our currency has already pegged to the euro since 2002. We don't have an independent monetary policy. We are regulated by the European Central Bank in Frankfurt, but we are not able to reap all the profits. Our businesses want to save the transaction costs.
How can we later criticise other countries outside the European Union for adopting such measures to repress opponents when we are tolerating this inside the European Union with European citizens? Like me - I'm a European citizen.
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.
There was a real fear that a euro-zone bank might fail, that we'd have a sovereign debt problem in one of the larger European economies. That's dissipated, thanks largely to the action of the European Central Bank.
Let's not underestimate the European Union. You know what united Europe? Values. And that's why I am absolutely sure about the unity of the European Union and its solidarity with Ukraine.
Membership in the European Community, now the European Union, has helped Ireland to take its place as a European country with all the member states, including Britain. It has therefore helped the maturing of a good bilateral relationship with Britain, lifting part of the burden of history.
Thanks to the euro, our pockets will soon hold solid evidence of a European identity. We need to build on this, and make the euro more than a currency and Europe more than a territory... In the next six months, we will talk a lot about political union, and rightly so. Political union is inseparable from economic union. Stronger growth and Euorpean integration are related issues. In both areas we will take concrete steps forward.
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I believe something very deeply. That Britain's national interest is best served in a flexible, adaptable and open European Union and that such a European Union is best with Britain in it.
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I'm a great supporter of the European Union. I didn't support entry to the Euro, not because I'm against it in principle but because I didn't think it was economically right for Britain. But that doesn't make me any less pro-European.
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