George Soros Country Quotations
George Soros Quotes about:
Country Quotes from:
- All Country Quotes
- Donald Trump
- Thomas Jefferson
- Hillary Clinton
- Bernie Sanders
- George W Bush
- Rush Limbaugh
- Vladimir Putin
- Marco Rubio
- Ronald Reagan
- George Washington
- Will Rogers
- Jimmy Carter
- Narendra Modi
- Bill Maher
- John F Kennedy
- Noam Chomsky
- William J Clinton
- Nelson Mandela
- Abraham Lincoln
- Donald Rumsfeld
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Struggle Quotes
The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the burdens of reunification, tightened its belt and became more competitive. All this led to a wide divergence in economic performance. Europe became divided into creditor and debtor countries.
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Responsibility Quotes
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.
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Swings Quotes
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones.It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.
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Issues Quotes
By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.