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"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."
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"You cannot truly know pleasure without pain. You cannot truly know strength without weakness. You cannot truly know joy without sorrow. You cannot truly know hope without despair."
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Personal Development
"In light, there is no darkness; and in darkness, there is no light."
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Personal Development
"As with most things in life, a healthy balance will keep us on the right path. To avoid too much eye contact or too little, seek to create a comfortable mix. It is generally encouraged to use more eye contact when you are listening and less when you are speaking."
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Personal Development
"The absolute value of being neutral is zero."
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Personal Development
"The effect of overworking, we miss sacred moments."
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Personal Development
"Relax, Recreate and Refresh!"
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Personal Development
"There is a law of opposition apparent in all life which guarantees balance and fullness."
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Personal Development
"This whole life is an art of knowing when to sit and when to stand up!"
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Personal Development
"If you make lots of little changes to your lifestyle, you'll need to make time to have some fun too, otherwise life can get a little boring."
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Personal Development
"She tried to think about what lay ahead, but soon gave up. 'Words turn into stone,' Nimit had told her. She settled deep into her seat and closed her eyes. All at once the image came to her of the sky she had seen while swimming on her back. And Erroll Garner's 'I'll Remember April.' Let me sleep, she thought. Just let me sleep. And wait for the dream to come."
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Personal Development
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"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."
Growth
"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."
Balance
"The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items."
Balance
"The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency."
People
"The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85."
Now
"Some countries that are close to Europe that already hold Deutschemarks, clearly would automatically hold euros, those are countries in Eastern Europe mainly, a few countries in Africa."
Nation
"Love can be understood only "from the inside," as a language can be understood only by someone who speaks it, as a world can be understood only by someone who lives in it."
Love
"The dollar is currently the principal reserve currency in the world."
World
"Chances are the movements of the euro as against the dollar will be relatively moderate."
Will
"The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure."
Finance
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