A Quote by Robert Mundell

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.

Robert Mundell

Quote Topics

Best Common Creation Euro Europe Glue Going Going For It Inside Keep Market Political Since Thing Together

Quote Author

Robert Mundell
Canadian - Economist
Born: October 24, 1932

We will do whatever we could do to keep Greece inside the euro and inside Europe.

Alexis Tsipras

We [European countries] probably need to move forward together, each at their own speed. The faster ones, that could be the countries in the euro zone. The others would be those who are interested in the continued development of the common market, but reject the idea of an ever stronger political integration.

Paolo Gentiloni

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.

Carlos Ghosn

It [the Euro] is a decisive step towards ever closer political and institutional union in Europe. Above all, it is political.

Carlo Azeglio Ciampi

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.

Michael Hudson

The euro is our common fate, and Europe is our common future.

Angela Merkel

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.

Laurent Fabius

Germans tend to forget now that the euro was largely a Franco-German creation. No country has benefited more from the euro than Germany, both politically and economically. Therefore what has happened as a result of the introduction of the euro is largely Germany's its responsibility.

George Soros

While it was an experiment to bring them together, nothing has divided Europe as much as the euro.

Joseph Stiglitz

Part of the concept of the euro zone was to establish a common market. The banks were going to bank across all their countries like we bank across states. But that concept got killed for a whole bunch of reasons that I won't get into. That was a good concept, by the way. It may yet return, because there are huge economies of scale in banking. That's another thing people don't quite get.

Jamie Dimon

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.

Austan Goolsbee

Europe must dissipate any doubts over the euro, affirm that the euro is an irreversible project and act in consequence.

Mariano Rajoy

At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in the north; the Italians would behave like Germans. They didn't. Instead, northern Europe fell into subsidizing southern Europe's excess consumption, that is, its current account deficits.

Alan Greenspan

Europe is one thing. The euro is something else.

Beppe Grillo

This much is true: When we created the euro, it wasn't possible to create a political union along with it. People weren't ready for that. But since then, they've grown more willing to go in that direction. It's a process, one that is sometimes laborious and sometimes slow. But it's important to keep the populations involved.