A Quote by Robert C. Solomon

Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency.

Robert C. Solomon

Quote Topics

Another Become Been Currency Euro Europe Extent Japan Question Raised Rather Reserve States United United States Well Widely Will

Quote Author

Robert C. Solomon
American - Educator
September 14, 1942 - January 2, 2007

So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.

Robert C. Solomon

The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.

Robert C. Solomon

The euro currency both presupposes and promotes a fiction - that 'Europe' has somehow become, against the wishes of most Europeans, a political rather than a merely geographic expression.

George Will

The United States is broke — fiscally, morally, intellectually — and the Fed has incited a global currency war Japan just signed up, the Brazilians and Chinese are angry, and the German-dominated euro zone is crumbling that will soon overwhelm it. When the latest bubble pops, there will be nothing to stop the collapse. If this sounds like advice to get out of the markets and hide out in cash, it is.

David Stockman

The next Euro-elections will be a step towards a United States of Europe

Daniel Hannan

Well the most likely emerging countries are Japan, Turkey, and Poland. So I would say Eastern Europe, the Middle East and a maritime war by Japan with the United States enjoying its own pleasures.

George Friedman

To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve.

Robert C. Solomon

My first six months were in Japan; then I went to Mexico and then went back to Japan. I had the opportunity to wrestle all the wrestlers from the United States, Europe, and Japan when I was there.

Alberto Del Rio

A single currency entails a fixed interest rate, which means countries can't manage their own currency to suit their own needs. You need a variety of institutions to help nations for which the policies aren't well suited. Europe introduced the euro without providing those structures.

Joseph Stiglitz

Europe thus divided into nationalities freely formed and free internally, peace between States would have become easier: the United States of Europe would become a possibility.

Napoleon Bonaparte

Concerning the common currency: today, the euro is not worth it for Poland. The reason why we survived the financial and economic crisis quite well is that we have a national currency. This will not change in the near future.

Jaroslaw Kaczynski

I have been supporting the European Union, but we are still a work in progress. We have to become more of a United States of Europe. We should talk about electing a president of the E.U., rather than having one selected from the heads of government.

George Papandreou

I am not, never have been, and never will be a politician. But I want to tell you the United States has always been proud of having the support of the United Kingdom, of keeping Britain in Europe. We need Britain in Europe.

Evel Knievel

A democratic Europe of nation states could be a force for liberty, enterprise and open trade. But, if creating a United States of Europe overrides these goals, the new Europe will be one of subsidy and protection

Margaret Thatcher

The United States has the world's largest and most innovative economy, an unmatched rule of law, and a free market that is the envy of the international community. For investors, we are the reserve currency.