“There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.”
Some countries that are close to Europe that already hold Deutschemarks, clearly would automatically hold euros, those are countries in Eastern Europe mainly, a few countries in Africa.
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“There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.”
“J'ai lu les postmodernistes avec un certain intérêt avec même admiration. Mais quand je les lis, j'ai toujours cet horrible sentiment lancinant que quelque chose d'absolument essentiel est oublié. Plus on dit qu'une personne est un produit social, ou un confluent de forces ou fragmentée, ou marginal...”
“The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.”
“There has been talk in Europe about American hegemony being somehow based upon the use of the dollar in the world. I just don't see that connection at all.”
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