Robert Mundell in: "Nobel Laureate: The U.S. Is The 'Naked Woman' Of The World Economy," at forbes.com, May 26, 2013
“If identical goods were being produced at widely differing efficiency in different parts of the United Kingdom or if the United Kingdom and Germany, or Japan, or the United States, were part of a single unit with a single currency, then of course the less efficient producers would be knocked out. That is why Germany is so keen for Britain to go into the European Monetary System, so that it can wipe out the British industries which it is in competition.”
Source: Speech in London (21 March 1980), quoted in Enoch Powell on 1992 (Anaya, 1989), p. 97
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Enoch Powell 155
British politician 1912–1998Related quotes
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Source: 1940s - 1950s, Introduction to Operations Research (1957), p. 3