So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.
Robert C. SolomonAbout author
- Author's profession: Educator
- Nationality: american
- Born: September 14, 1942
- Died: January 2, 2007
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She had in truth no abstract propensity to malice: she did not dislike Lily because the latter was brilliant and predominant, but because she thought that Lily disliked her. It is less mortifying to believe one's self unpopular than insignificant, and vanity prefers to assume that indifference is a latent form of unfriendliness.
Edith Wharton