Quotes & Sayings About European Economy

When I fly to European destinations, I always fly economy; I don't fly business class - there is no advantage apart from a few more inches of room. — Peter Hargreaves

Solidarity is the fundamental idea of European cooperation. If a country feels itself to be militarily threatened and calls for soldiers, weapons and sanctions, then that's what it gets. When governments say they need money from the structural funds to stabilize their economy, that's what they get. But you can't cherry pick solidarity. — Martin Schulz

Protest against Industrial Capitalism from one aspect or another is universal: so was the protest against the condition of European religion at the beginning of the sixteenth century. — Hilaire Belloc

I believe that with the complete formation of the global Zionist network, they have seized control of the fate of the European governments, and of the US government. To the independent countries in the world, I would like to say: You should know that the influence of the Zionist network on your culture, your politics, and your economy is tantamount to a violation of your independence. They cling like ticks. The moment they gain influence, they never stop. — Mahmoud Ahmadinejad

This strategy, which was then used as the template for the rest of the European periphery, turning the majority of European states into what I jokingly refer to as Bailoutistan, was always going to backfire on the European economy. Tim Geithner and Jack Lew, his successor in the US Treasury Department, understood this well. They shared the concern that what started in Greece in 2010, with the combination of an absurd bailout and a hideous level of austerity, has put Europe into a position that undermines America's recovery and threatens the prospects of China, Latin America, even India and Africa. — Yanis Varoufakis

Our objective must therefore be to ensure EU better regulation contributes towards delivering a modern European Union which relentlessly focuses on building a dynamic and innovative economy equipped to meet the challenges of the 21st century. — John Hutton

In 1994, Estonia became the first European country to adopt a flat tax, and its 26 percent flat tax dramatically energized what had been a faltering economy. Before adopting the flat tax, the Estonian economy was literally shrinking. In the eight years after 1994, Estonia experienced real economic growth - averaging 5.2 percent per year. — Arthur Laffer

The levelling of the European man is the great process which cannot be obstructed; it should even be accelerated. The necessity of cleaving gulfs, distance, order of rank, is therefore imperative - not the necessity of retarding this process. This homogenizing species requires justification as soon as it is attained: its justification is that it lies in serving a higher and sovereign race which stands upon the former and can raise itself this task only by doing this. Not merely a race of masters whose sole task is to rule, but a race with its own sphere of life, with an overflow of energy for beauty, bravery, culture, and manners, even for the most abstract thought; a yea-saying race that may grant itself every great luxury - strong enough to have no need of the tyranny of the virtue-imperative, rich enough to have no need of economy or pedantry; beyond good and evil; a hothouse for rare and exceptional plants. — Friedrich Nietzsche

There is a difference between strategic or technical default and default where you really don't have the economy to support the spending. We are not at that point yet. We could be. We could be, like some European nations. — Charles Bass

For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our currency has already pegged to the euro since 2002. We don't have an independent monetary policy. We are regulated by the European Central Bank in Frankfurt, but we are not able to reap all the profits. Our businesses want to save the transaction costs. — Dalia Grybauskaite

At the heart of these challenges lies the question of how the institutions of the European Union make laws, the types of laws they pass and the effectiveness with which those laws are implemented on civil society and the economy. — John Hutton

If we leave the European Union it's a risk to our economy - it's a risk to pensioners, it's a risk to homeowners, it's a risk to people in work. — George Osborne

The overall structure of the Portuguese trading networks was made of numerous individual networks, each organized around a merchant house, whose
activities were limited to a set of markets within a circumscribed area of the Atlantic. Each of these smaller networks overlapped with its neighbors, one network fusing into another across the full expanse of the European overseas economy. — Daviken Studnicki-Gizbert

The danger is not only that these austerity measures are killing the European economies but also that they threaten the very legitimacy of European democracies - not just directly by threatening the livelihoods of so many people and pushing the economy into a downward spiral, but also indirectly by undermining the legitimacy of the political system through this backdoor rewriting of the social contract. — Ha-Joon Chang

Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to take better care of your fellow citizens when they're down on their luck, you end up killing economic progress. But what European experience actually demonstrates is the opposite: social justice and progress can go hand in hand. — Paul Krugman

Wherever Europeans or the descendants of European emigrants live, we see Socialism at work to-day; and in Asia it is the banner round which the antagonists of European civilization gather. If the intellectual dominance of Socialism remains unshaken, then in a short time the whole co-operative system of culture which Europe has built up during thousands of years will be shattered. For a socialist order of society is unrealizable. All efforts to realize Socialism lead only to the destruction of society. Factories, mines, and railways will come to a standstill, towns will be deserted. The population of the industrial territories will die out or migrate elsewhere. The farmer will return to the self-sufficiency of the closed, domestic economy. Without private ownership in the means of production there is, in the long run, no production other than a hand-to-mouth production for one's own needs. — Ludwig Von Mises

The savings rate in Italy is high, but the markets do not trust Italy even though it's the third largest economy in the European Union and the eighth in the world. — Anibal Cavaco Silva

Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt. — Douglas Wilder

Is France a northern European export powerhouse, or a Mediterranean indebted and dependent economy? Yes to both. — Francois Hollande

The US economy, because it's so energy wasteful, is much less efficient than either the European or Japanese economies. It takes us twice as much energy to produce a unit of GDP as it does in Europe and Japan. So, we're fundamentally less efficient and therefore less competitive, and the sooner we being to tighten up, the better it will be for our economy and society. — Hazel Henderson

If you look at national economies today, for example, the American economy, the European economy, the Indians, the Chinese, we're all tied together. If one of them sinks, the rest are going to sink with them and if one floats, the rest are lifted up. I find that very interesting. — Frans De Waal

The U.K. outside of the European Union will end up being a mid-sized economy, somewhere in the middle of the Atlantic Ocean, in neither America nor Europe. — Mark Rutte

Beyond infrastructure, the conservative sees the proper role of government as providing not European-style universal entitlements but a firm safety net, meaning Julia-like treatment for those who really cannot make it on their own--those too young or too old, too mentally or physically impaired, to provide for themselves.
Limited government so conceived has two indispensable advantages. It avoids inexorable European-style national insolvency. And it avoids breeding debilitating individual dependency. It encourages and celebrates character, independence, energy, hard work as the foundations of a free society and a thriving economy--precisely the virtues Obama discounts and devalues in his accounting of the wealth of nations. — Charles Krauthammer

If we were going to default, we would have decided that many months ago. It would be wrong for the Greek economy, it would be wrong for the European economy, it would make things worse in the end. That's why we're taking the pain and making these structural reforms, and we're on target. — George Papandreou

The rich fertility of China's plains and a culture of uncommon resilience and political acumen had enabled China to remain unified over much of a two-millennia period and to exercise considerable political, economic, and cultural influence - even when it was militarily weak by conventional standards. Its comparative advantage resided in the wealth of its economy, which produced goods that all of its neighbors desired. Shaped by these elements, the Chinese idea of world order differed markedly from the European experience based on a multiplicity of co-equal states. — Henry Kissinger

If you put all the European countries together, we are the biggest economy in the world. — George Papandreou

The Italian economy is certainly the weakest of the big European countries. — Romano Prodi

The problem is, if at all, in the different view of the economy, of economic growth. Growth is too low, even for us. That needs to change: More investments, a stronger role by the European Central Bank. Otherwise, there are no tensions between Italy and Germany. But on this point, compromises must be reached and we will reach them. — Paolo Gentiloni

As I travel around the world, it's fascinating; European leaders, Asian leaders, they all say to me, America is actually poised to be the world leader for another century - if we can fix some of this political dysfunction ... We've got a lot of national security challenges, but if we get our economy together, and if we can get our political system to work well, I am really confident about our future. — Barack Obama

To be in the EU, it means to have same rules of ... for economy, for social life, to be together in the majority of European countries. — Aleksander Kwasniewski