Euro Step Quotes

POEM – MY AMAZING TRAVELS [My composition in my book Travel Memoirs with Pictures] My very first trip I still cannot believe Was planned and executed with such great ease. My father, an Inspector of Schools, was such a strict man, He gave in to my wishes when I told him of the plan. I got my first long vacation while working as a banker One of my co-workers wanted a travelling partner. She visited my father and discussed the matter Arrangements were made without any flutter. We travelled to New York, Toronto, London, and Germany, In each of those places, there was somebody, To guide and protect us and to take us wonderful places, It was a dream come true at our young ages. We even visited Holland, which was across the Border. To drive across from Germany was quite in order. Memories of great times continue to linger, I thank God for an understanding father. That trip in 1968 was the beginning of much more, I visited many countries afterward I am still in awe. Barbados, Tobago, St. Maarten, and Buffalo, Cirencester in the United Kingdom, Miami, and Orlando. I was accompanied by my husband on many trips. Sisters, nieces, children, grandchildren, and friends, travelled with me a bit. Puerto Rico, Los Angeles, New York, and Hialeah, Curacao, Caracas, Margarita, Virginia, and Anguilla. We sailed aboard the Creole Queen On the Mississippi in New Orleans We traversed the Rockies in Colorado And walked the streets in Cozumel, Mexico. We were thrilled to visit the Vatican in Rome, The Trevi Fountain and the Colosseum. To explore the countryside in Florence, And to sail on a Gondola in Venice. My fridge is decorated with magnets Souvenirs of all my visits London, Madrid, Bahamas, Coco Cay, Barcelona. And the Leaning Tower of Pisa How can I forget the Spanish Steps in Rome? Stratford upon Avon, where Shakespeare was born. CN Tower in Toronto so very high I thought the elevator would take me to the sky. Then there was El Poble and Toledo Noted for Spanish Gold We travelled on the Euro star. The scenery was beautiful to behold! I must not omit Cartagena in Columbia, Anaheim, Las Vegas, and Catalina, Key West, Tampa, Fort Lauderdale, and Pembroke Pines, Places I love to lime. Of course, I would like to make special mention, Of two exciting cruises with Royal Caribbean. Majesty of the Seas and Liberty of the Seas Two ships which grace the Seas. Last but not least and best of all We visited Paris in the fall. Cologne, Dusseldorf, and Berlin Amazing places, which made my head, spin. Copyright@BrendaMohammed

The moment American bankers stop lending dollars to Argentina, the country is unable to refinance its mountain of dollar debt. Again, Greece is similar. Even though it has the same currency as Germany, the euro, the chronic Greek trade deficit with Germany translates into a constant flow of loaned euros from Germany to Greece so that the Greeks can keep buying more and more German goods. The slightest interruption in the flow of new loans from the surplus country to the deficit country causes the whole house of cards to collapse. This is when the IMF steps in. Its personnel fly into Buenos Aires or Athens, take black limousines to the finance minister’s office and state their terms: we shall lend you the missing dollars or euros on condition that you impoverish your people and sell the family silver to our mates, the oligarchs of this country and the world. Or words to that effect. That’s when TV screens fill with images of angry, and often hungry, demonstrators in Buenos Aires or Athens. Time and again history has shown that the periodic economic recessions that result from trade imbalances poison the deficit country’s democracy, incite contempt for its people in the surplus country, which then prompts xenophobia in the deficit country. Simply put, sustained trade deficits – and surpluses, their mirror image – never end well.

In the words of the German finance minister, Wolfgang Schaeuble, as reported by the International Herald Tribune (Castle and Erlanger 2011): ‘In recent months it has become clear: the answer to the crisis can only mean more Europe. . .Without. . . further steps toward stronger European institutions, eventually Europe will lose its effectiveness. We have to look beyond the national state.’ Other members of the Berlin government, possibly including the Chancellor herself, seem to share the view that the crisis could, paradoxically, bring the EU much closer to a political union. The crisis, they argue, cannot be resolved without a much tighter coordination of the fiscal and social policies of the members of the euro zone, even if this implies additional limits on national sovereignty. Also the leader of the opposition Social-Democratic Party, Sigmar Gabriel, is of the opinion that the crisis calls for political union.

As we know, integrationists saw EMU as a decisive step toward European unification, while different national leaders had different, but in each case political, reasons for supporting it. In contrast, most ‘neo-liberal’, or simply old-fashioned liberal, economists – from Milton Friedman to Martin Feldstein, from Kenneth Rogoff to Paul Krugman and the majority of German economists – opposed the idea of a centralized monetary policy for structurally diverse economies. After the introduction of the common currency, and even before the debt crisis of the euro zone, most competent economists continued to remain sceptical about the long-term success of the project – for good reasons.

Alexis Tsipras, the Syriza leader, has in recent weeks abandoned his pledge to “tear up” the country’s bailout agreement with international creditors and is emphasising more moderate steps to address Greece’s debt load as well as his deep commitment to the euro. Krishna Guha, of Evercore ISI, warned that — at a minimum — investors now faced “a four-week period of elevated uncertainty in which eurozone risk assets will struggle to perform”. Yet Mr Guha added: “We believe that Tsipras will prove more pragmatic than past Syriza rhetoric suggests. He has opened back channels to Berlin, Paris and Frankfurt, and has every incentive to try to negotiate relatively cosmetic changes to Greece’s programme and ride the early-stage Greek recovery rather than derail it.” Nick Wall, a portfolio manager at Invesco, also noted Mr Tsipras’ recent attempt to tack to the political centre. “They are going to need private sector investors, particularly if they are going to start running deficits again.

Germany’s was a failed hegemony. During the euro crisis, the natural leader refused to act benevolently to stabilise the system and so the European Central Bank had to step in. During the refugee crisis, on the contrary, Germany decided to assume fully the role of benevolent hegemon and was willing to shoulder most of the burden. Its actions, however, were openly rejected by the principals in the drama. In the first crisis it turned down the role of stabilising the euro, and in the second it was not strong enough to get its partners in line for a Community response to the refugee problem. The reality is that the leader failed in both cases, albeit for different reasons.

A big goal like starting a business or writing a book can be daunting at first, but all you have to do is break it up into little pieces and keep working at it. You could eat a school bus if you ground it up and sprinkled some on your oatmeal every morning.

Italy is the currency bloc's biggest long-term headache because of its chronic stagnation ever since joining the euro and failure to recover from a deep slump since the global financial crisis. Italian GDP contracted in 2008-09 and again in 2011-13. Even if growth returns in the coming months, it is expected to be meager. Mr. Renzi, a 39-year-old political maverick, came to power early this year promising to break the political deadlock that has held back economic overhauls for years, even decades. But he has become bogged down in a struggle to streamline Italy's electoral law and unwieldy bicameral legislature, seen as prerequisites for passing major economic reforms in subsequent steps.

dressed… oddly. He nodded hello but pecked at a terminal behind the counter like he was wrapping something up. Jason examined Pierre with an eagerness that matched Pierre’s inspection of him, once he turned his full attention away from the terminal. He looked so pleased to see Pierre that for the first time he regretted dressing up to travel. He hadn’t considered that an affluent appearance might hamper his ability to negotiate terms of a financial transaction. Most of the time dressing well led to a degree of deference and better treatment. Jason however was regarding him like a prize steer that would soon be select cuts of beef. “Good day,” Pierre said, and tried to keep a pleasant face and made an attempt at humor. “Are you the Jason of fame, heralded by your establishment’s signage?” “I wouldn’t hire another Jason,” the fellow said bluntly. “If one wanted to hire on I suppose I might, if he let me call him George. Life’s perplexing enough without feeling like I’ve slipped into speaking in the third person every day. Fortunately there’s little enough to distract me on ISSII to make it a burden to keep the doors open without help. It’s like a very quiet little town.” “Indeed, I noticed the lack of a crowd in the corridor,” Pierre agreed. “Been that way since the war, and it’s been slow to come back all the way. But I figure in another five years, maybe six years it’ll be hopping again.” Pierre nodded politely. He’d really like to know why the fellow thought so, but he’d leave it for another time rather than neglect his business. “I wonder, if you might do currency exchanges among your services? I find the shuttle service I wish to take to Home doesn’t take EuroMarks. I’d like something they take, preferably Solars to facilitate other payments when I reach Home or beyond.” “I wouldn’t mind a bucket of them myself,” Jason allowed. “But for most transactions they’re a bit unwieldy. A full Solar is twenty five grams of gold or platinum. Most folks use the smaller coins and bits or a credit card that can shave transactions down to the milligram.” “What would you suggest? I have EuroMark credit, banknotes, and a small amount of Suisse Credit bars. What would be easiest?” “Not that I don’t want the business, but I’m too little a fish to risk handling a large sum of EuroMarks with currency fluctuations being what they are. EMs are depreciating assets anyway. Now, I’d take your gold if you were staying here, but the banks on Home will give you a much better conversion rate, and I’d rather you not be pissed off at me and tell everybody to avoid the scoundrel on ISSII after you found that out. I know the exchange rate looks bad but go back to the Russians and tell them you want to convert your EuroMarks to Australian dollars - they’ll do that. The gold, it don’t matter, it’s not going to fluctuate in value very much. If you finish up your business and want to take any of it back to France you can’t take it as Solars and you’d have to pay for a second exchange.” “I never said I was French, nor did I mention speaking with the Russians.” “I hear your vowels and can place your province if not your town under that fancy Parisian accent. It’s five hundred and twenty of my steps from here to the bank and Peter called and told me you were on your way. As I said, it’s like a small town here. If you sneeze

A continuing thread of Europe’s transformation over the seven decades since 1950 has been the central importance of Germany. Change here, in the country that did more than any other to destroy the continent during the first half of the twentieth century, has been especially profound. Despite its destruction as a nation state at the end of the Second World War, Germany has remained at the heart of Europe’s development – central to post-war economic recovery, central to the Cold War, central to the ending of the Cold War, central to widening European integration, central to the creation of the Euro, central to the crisis of the Eurozone, central to the migration crisis, and central to the still-embryonic steps to reform the European Union after its recent serious travails. In the meantime Germany has become a vital pillar of stable liberal democracy, it presides over Europe’s strongest economy, has overcome forty years of division to attain national unity, and has reluctantly acquired the mantle of European leadership. Germany’s own transformation has played a key role in Europe’s post-war story – and is far from the least successful part.