Euro Quotes (displaying: 1 - 30 of 59 quotes )
I don't want euro bonds that serve to mutualize the entire debt of the countries in the euro zone. That can only work in the longer-term. I want euro bonds to be used to finance targeted investments in future-oriented growth projects. It isn't the same thing. Let's call them 'project bonds' instead of euro bonds.
In Paris the cashiers sit rather than stand. They run your goods over a scanner, tally up the price, and then ask you for exact change. The story they give is that there aren't enough euros to go around. "The entire EU is short on coins."And I say, "Really?" because there are plenty of them in Germany. I'm never asked for exact change in Spain or Holland or Italy, so I think the real problem lies with the Parisian cashiers, who are, in a word, lazy. Here in Tokyo they're not just hard working but almost violently cheerful. Down at the Peacock, the change flows like tap water. The women behind the registers bow to you, and I don't mean that they lower their heads a little, the way you might if passing someone on the street. These cashiers press their hands together and bend from the waist. Then they say what sounds to me like "We, the people of this store, worship you as we might a god.
I pick up a copy of Newsweek on the plane and immediately notice how biased, slanted, and opinionated all the U.S. newsmagazine articles are. Not that the Euro and British press aren't biased as well--they certainly are--but living in the United States we are led to believe, and are constantly reminded, that our press is fair and free of bias. After such a short time away, I am shocked at how obviously and blatantly this lie is revealed--there is the 'reporting' that is essentially parroting what the White House press secretary announces; the myriad built-in assumptions that one ceases to register after being somewhere else for a while. The myth of neutrality is an effective blanket for a host of biases.
There's no more place in the euro zone for well-meaning laxness when dealing with deficits and failings. If the demands on Greece aren't taken seriously, we'll get stuck in quicksand. In the worst case, this would make it acceptable for one tranche to not be paid out. It is in the Greeks own interest not to test that.