A Quote by Milton Friedman

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

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Able Again Alone Away Because Been Debt Euro Get Happen Having Higher In The Past Instead Interest Interest Rate Italy Main May Most Much Otherwise Own Past Permit Policy Problem Rate Tight Virtue Well Would Would Be

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Milton Friedman
American - Economist
July 31, 1912 - November 16, 2006

The battle of the euro is being fought right now in Spain and Italy...The future of the euro is at stake in the next few weeks...

Luis de Guindos

I would say that Juventus is a myth not only in Italy, because it's the most loved team in Italy, but also around the world. And it has been in my family since birth.

Lapo Elkann

The problem is that, in a world of floating exchange rates, as Italy was before the euro, if one country is subjected to a shock which requires it to cut wages, it cannot do so with a modern kind of control and regulation system. It is much easier to do it by letting the exchange rate change. Only one price has to change, instead of many.

Milton Friedman

If we were the problem, it would be very convenient - kick Greece out, everything's fine. What would happen to Spain, what about Portugal, what about Italy, what about the whole of the euro zone? We need more cooperation and less simplification and prejudice.

George Papandreou

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.

Francois Hollande

I'm a pessimist about the euro, but not about Europe. So the southern periphery, Spain, Italy, Greece, leave - Italy might be the first to go - and the rest stay. That will work just fine. But unless they want to give up democracy, I don't see greater fiscal union as the answer.

Tyler Cowen

I am proud to be Italian because I was born in Italy, I grew up in Italy, I went to school in Italy and I have worked in Italy. I'm Italian.

Mario Balotelli

Italy will start the future. Because in the last 20, 20 years, Italy discussed only about the past. "Oh, the past is wonderful in Italy." Look, look Palazzo Vecchio. The most beautiful place in the world, in my opinion, I think this is incredible place. But the past is not sufficient. Is not enough. We need the future. Because we are Italians. And Italy is not only a museum.

Matteo Renzi

There was interest from clubs in Italy and England, I believe. But I've never been attracted by the way they play in Italy. Staying in Spain was always my preference.

Luis Figo

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

But Italy is not an intellectual country. On the subway in Tokyo everybody reads. In Italy, they don't. Don't evaluate Italy from the fact that it produced Raphael and Michelangelo.

Umberto Eco

I'm really glad that Italy went out, they were playing boring football. (on Euro 2004)

Andy Townsend

Italy, my Italy! Queen Mary's saying serves for me (When fortune's malice Lost her Calais): "Open my heart, and you will see Graved inside of it 'Italy.'"

Robert Browning

Italy is now a great country to invest in... Today we have fewer communists and those who are still there deny having been one. Another reason to invest in Italy is that we have beautiful secretaries... superb girls.

Silvio Berlusconi

Italy will never be a normal country. Because Italy is Italy. If we were a normal country, we wouldn't have Rome. We wouldn't have Florence. We wouldn't have the marvel that is Venice.

Matteo Renzi

I've met my bride-to-be in Italy and I will be married in Italy soon, in a couple of weeks. In Venice of all places! In closing, I guess what I would like to say is to my bride-to-be, Amal, that I love you very much and I can't wait to be your husband.

George Clooney

A Quote by Milton Friedman

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