Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

Barry Eichengreen
Age: 72
Born: 1952
Born: January 7
Economist
Historian
University Teacher
the United States of America
Barry Julian Eichengreen
Painful
Politician
Difficult
Together
Even
Costly
Breaking
Holding
Politicians

More quotes by Barry Eichengreen

Image
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
Image
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
Image
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
Image
The 24% unemployment reached at the depths of the Great Depression was no picnic.
Barry Eichengreen