“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.”
To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve.
More to explore
“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.”
“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.”
Explore over 387,000 quotes from your favorite books and authors.
Browse All Quotes