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At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in the north; the Italians would behave like Germans. They didn't. Instead, northern Europe fell into subsidizing southern Euro

» Alan Greenspan (1926-?) American Economist

Europe is very critical to the United States in the sense not only do we have a fourth of our exports there, but more importantly, a significant proportion of the foreign affiliate profits in fact, half of U.S. corporations, are in Europe.

» Alan Greenspan (1926-?) American Economist

I see nothing that points to a recession in Germany. But I see considerable long-term tasks ahead of us that have to do with markets regaining confidence in Europe and that have a lot to do with reducing debt.

» Angela Merkel (1954-?) German Politician

This multicultural approach, saying that we simply live side by side and live happily with each other has failed. Utterly failed.

» Angela Merkel (1954-?) German Politician

As politicians we have to react to the fact that many people do not feel that they can relate to the European Union.

» Angela Merkel (1954-?) German Politician

It is a fact that, if I single out Germany, our rate of growth is too low and we have very high unemployment.

» Angela Merkel (1954-?) German Politician

We feel bound to the Christian image of humanity - that is what defines us. Those who do not accept this are in the wrong place here.

» Angela Merkel (1954-?) German Politician

I have just explained my idea of how a constructive period of reflection, one that would send a clear message to the citizens of Europe: You should know what our priorities are. For Germany this means: Unemployment is one of one of our biggest problems.

» Angela Merkel (1954-?) German Politician

It will not be possible to solve the current crisis with euro bonds.

» Angela Merkel (1954-?) German Politician

I said, yet again, for Germany, Europe is not only indispensable, it is part and parcel of our identity. We've always said German unity, European unity and integration, that's two parts of one and the same coin. But we want, obviously, to boost our compet

» Angela Merkel (1954-?) German Politician

At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.

» Angela Merkel (1954-?) German Politician

Nobody in Europe will be abandoned. Nobody in Europe will be excluded. Europe only succeeds if we work together.

» Angela Merkel (1954-?) German Politician

The only way to have several currencies from divergent nations lumped together is if they are culturally close, such as Germany, the Netherlands and Austria. If they aren't, it simply can't continue to work.

» Alan Greenspan (1926-?) American Economist

I think that the European Union with the Lisbon agenda has put the right emphasis on growth and employment.

» Angela Merkel (1954-?) German Politician

In Europe it is particularly important that we build good relations to everyone who holds political responsibility because Europe can only be build together.

» Angela Merkel (1954-?) German Politician

Above all it is important to point out that we can only maintain our prosperity in Europe if we belong to the most innovative regions in the world.

» Angela Merkel (1954-?) German Politician

So Europe needs to be competitive and we also need to be competitive if we wish to remain an interesting economic partner for the United States. This has to be done on the basis of strength, of competitiveness.

» Angela Merkel (1954-?) German Politician

Eurobonds are absolutely wrong. In order to bring about common interest rates, you need similar competitiveness levels, similar budget situations. You don't get them by collectivizing debts.

» Angela Merkel (1954-?) German Politician

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