#p

On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States. ↗

— Robert C. Solomon

#between #difference #europe #financial #go

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. Solomon

#become #center #currency #deficit #euro

The dollar is currently the principal reserve currency in the world. ↗

— Robert C. Solomon

#currently #dollar #principal #reserve #reserve currency

The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85. ↗

— Robert C. Solomon

#eighty #i #like #now #percent

The prices of all imports would rise if the dollar depreciates. ↗

— Robert C. Solomon

#dollar #imports #prices #rise #would

There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries. ↗

— Robert C. Solomon

#among #budget #budget deficits #countries #deficits

Put more trust in nobility of character than in an oath. ↗

— Solon

#more #nobility #oath #put #than

Society is well governed when its people obey the magistrates, and the magistrates obey the law. ↗

— Solon

#law #magistrates #obey #people #society

Call no man happy until he is dead, but only lucky. ↗

— Solon

#dead #happy #lucky #man #only

Let no man be called happy before his death. Till then, he is not happy, only lucky. ↗

— Solon

#called #death #happy #his #lucky