Quotes about emu

A collection of quotes on the topic of emu, likeness, union.

Quotes about emu

“This is Prince Charles & Camilla. Or, as I like to think of them, Rod Hull & Emu.”

Linda Smith (1958–2006) comedian

A Brief History of Timewasting, Room 101, The News Quiz

Thinking

“A critical feature of the EU(European Union) in general and EMU in particular is that there is no legitimate way for a member to withdraw… The American experience with the secession of the South may contain some lessons about the danger of a treaty or constitution that has no exits.”

Martin Feldstein (1939–2019) American economist

"EMU and international conflict", 1997

Way

“Instead of increasing intra-European harmony and global peace, the shift to EMU and the political integration that would follow it would be more likely to lead to increased conflicts within Europe.”

Martin Feldstein (1939–2019) American economist

"EMU and international conflict", 1997

Peace

“If there was ever a bad idea, EMU it is.”

Rudiger Dornbusch (1942–2002) German economist

Euro fantasies, 1996

Idea

“The most likely scenario is that EMU (Economic and Monetary Union of the European Union) will occur but will neither end Europe’s currency troubles nor solve its prosperity problems.”

Rudiger Dornbusch (1942–2002) German economist

Euro fantasies, 1996

Problem

“Economic and monetary union…is incompatible with independent sovereign states with control over their own fiscal and monetary policies. It would be impossible…to have irrevocably fixed exchange rates while individual countries retained independent monetary policies…such a system could never have the credibility necessary to persuade the market that there was no risk of realignment. Thus EMU inevitably implies a single European currency, with monetary decisions…taken not by national Governments and/or central banks, but by a European Central Bank. Nor would individual countries be able to retain responsibility for fiscal policy. With a single European monetary policy there would need to be central control over the size of budget deficits and, particularly, over their financing. New European institutions would be required, to determine overall Community fiscal policy and agree the distribution of deficits between individual Member States…It is clear that Economic and Monetary Union implies nothing less than European Government…and political union: the United States of Europe. That is simply not on the agenda now, nor will it be for the forseeable future.”

Nigel Lawson (1932) British Conservative politician and journalist

Speech to the Royal Institute for International Affairs, Chatham House (25 January 1989), quoted in The View from No. 11: Memoirs of a Tory Radical (London: Bantam, 1992), p. 910.

Communication , Decision , Future , Country

“The most serious criticism of EMU is that by abandoning exchange rate adjustments it transfers to the labor market the task of adjusting for competitiveness and relative prices… losses in output and employment (and pressure on the European central bank to inflate) will predominate.”

Rudiger Dornbusch (1942–2002) German economist

Euro fantasies, 1996

Loss