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Barry Eichengreen Quotes

This crisis of long-term unemployment is having a profoundly damaging impact on the lives of those bearing the brunt of it. We know this thanks to a series of careful studies of the problem conducted in the depths of the 1930s Great Depression Picture Quote #1

For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And, for society as a whole, there is the danger that the productive capacity of a significant portion of the labour force will be impaired Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated that as many as two million workers avoided unemployment as a result of his efforts to promote work-sharing Picture Quote #1

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While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult, Picture Quote #1

Every day it seems more likely that we are destined - or should one say doomed? - to replay the disastrous economic history of the 1930s Picture Quote #1

While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult Picture Quote #1

Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched Picture Quote #1

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This crisis of long-term unemployment is having a profoundly damaging impact on the lives of those bearing the brunt of it. We know this thanks to a series of careful studies of the problem conducted in the depths of the 1930s Great Depression (Barry Eichengreen Quotes) For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And, for society as a whole, there is the danger that the productive capacity of a significant portion of the labour force will be impaired (Barry Eichengreen Quotes) 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 (Barry Eichengreen Quotes) 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 (Barry Eichengreen 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 (Barry Eichengreen Quotes) Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated that as many as two million workers avoided unemployment as a result of his efforts to promote work-sharing (Barry Eichengreen Quotes) While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult, (Barry Eichengreen Quotes) Every day it seems more likely that we are destined - or should one say doomed? - to replay the disastrous economic history of the 1930s. (Barry Eichengreen Quotes) While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult (Barry Eichengreen Quotes) Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched (Barry Eichengreen Quotes)