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"The dollar is currently the principal reserve currency in the world."
World
"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
"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
"Chances are the movements of the euro as against the dollar will be relatively moderate."
Will
"The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85."
Now
"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
"There has been talk in Europe about American hegemony being somehow based upon the use of the dollar in the world. I just don't see that connection at all."
Politics
"To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve."
Nation
"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."
Finance
"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
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"America forms the longest and straightest bone in the earth's skeleton."
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Personal Development
"In the United States, securities markets are much more developed than they are in Europe."
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Personal Development
"I had intended to have gone into Africa incognito. But the fact that a white man, even an American, was about to enter Africa was soon known all over Zanzibar."
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Personal Development
"Hawaii has always been a very pivotal role in the Pacific. It is in the Pacific. It is a part of the United States that is an island that is right here."
Author Name
Personal Development
"Iceland, though it lies so far to the north that it is partly within the Arctic Circle, is, like Norway, Scotland, and Ireland, affected by the Gulf Stream, so that considerable portions of it are quite habitable."
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Personal Development
"Estuaries are coastal bays, harbors, sounds and lagoons, places where rivers meet the sea."
Author Name
Personal Development
"On the 28th the ship's company received two months pay in advance, and on the following morning we worked out to St. Helen's, where we were obliged to anchor."
Author Name
Personal Development
"It was raining in the small, mountainous country of Llamedos. It was always raining in Llamedos. Rain was the country's main export. It had rain mines."
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Personal Development
"Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency."
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Personal Development
"In the islands of the Aegean Sea, every island is full of graves."
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Personal Development
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