Quotes About Eurozone

An overwhelming number of economists, international civil servants, and policy-makers argue that a fragmentation of the Eurozone would cause a new depression and massive wealth destruction around the world. It would also end the period of economic integration that has characterized world politics since the end of the Cold War.

The attempt to resolve its problems by turning the Eurozone into a bigger Germany is going to prove unworkable. If this is not understood – and it is not, as yet, where it matters – further crises seem certain.

it accounted for only a tiny share of eurozone trade and investment.

the consequences of not having a single fiscal authority for the eurozone became apparent.

Greece could default on its debts and even exit currency bloc if it cannot deliver reforms.

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.

We are near, very near, to an end to the eurozone crisis... The worst - in the sense of the fear of the eurozone breaking up - is over. But the best isn't there yet.

I can confirm that Poland should become a eurozone country, and not just because of the treaties that have been signed, but because I consider it of strategic interest both for Poland and the E.U.

The Greek people do not want to exit the euro, and I believe the Greek people already have shown that they have made major sacrifices to stay within the Eurozone.

It is true that no member state can be required to make payments to others. But if countries want to offer voluntary assistance, as in the Greek case, this isn't only allowed, but it's also in Germany's interest. We all benefit by ensuring the stability of the euro zone.

A country outside the euro zone cannot have a veto over countries in the euro zone.

I hope Greece is going to remain in the Euro zone.

Countries themselves need to do everything possible to remain in the euro zone.

De facto, you have a multi-speed Europe. You look at the Schengen, you look at the euro zone, all this kind of cooperations, you have a multi-speed Europe.

You've got some very powerful countries: Poland, the United Kingdom, Sweden and others who have a genuine desire to see the euro zone straighten itself out. It's good for all of us, whether you're in the euro zone or not, to make sure that it doesn't lead to a fracturing.

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.

If the euro zone doesn't come up with a comprehensive vision of its own future, you'll have a whole range of nationalist, xenophobic and extreme movements increasing across the European Union. And, frankly, questions about the British debate on EU membership will just be a small sideshow compared to the rise of political populism.

There's no more place in the euro zone for well-meaning laxness when dealing with deficits and failings. If the demands on Greece aren't taken seriously, we'll get stuck in quicksand. In the worst case, this would make it acceptable for one tranche to not be paid out. It is in the Greeks own interest not to test that.

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

After the accession to the euro zone, interest rates declined substantially in Portugal.

The euro zone was driven by the neoliberal view that markets are always efficient. That in itself is political. There was no pressing economic need that the euro was required to solve, but leaders believed that it would foster growth.

I don't understand why the Euro-sceptics think monetary union will lead to a federal Europe. It seems to me that the opposite is the case.

The goal of the government is to guarantee the place of Greece in the eurozone against those who want to undermine it.

For some reason, lots of terrible things start here and then spread. The Cold War was one. It didn't start in Berlin - it started in Athens in December 1944; the contagion in the eurozone started here in 2010. We are perfectly capable as Europeans of messing things up unnecessarily.