As for the single market, the E. U. 's landmark achievement, there is no question that a euro … - Barry Eichengreen

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A dog can bite you but you must not bite the dog! Your every movement in life must be peaceful; otherwise you lose your ethical superiority! Nonviolent civil disobedience is a genius; no power can beat it; use it when necessary!

Barry Eichengreen

As for the single market, the E. U. 's landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in the short run.

Achievement, Breakup, Operation, Question, Run, Running

Same Author Quotes

The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spain by actually doing so - would trigger economic chaos and incur its neighbours' wrath.

Country, Germany, Pretty, Spain, Wrath

More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export.

501, Coca, Jeans, Signatures, United, United States

The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises.

Crises, Europe, Moving, Unstable

Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing, and Europe's economy remains unable to grow.

Crush, Done, Enough, Europe, Southern, Unable

Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and monetary union.

Banking, Europe, European, Mean, Political