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"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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"Dr. David Livingstone left the Island of Zanzibar in March, 1866."
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"An insuperable obstacle to rapid transit in Africa is the want of carriers, and as speed was the main object of the Expedition under my command, my duty was to lessen this difficulty as much as possible."
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"Again and again, to be sure, on the way to America, and under many other circumstances, man has passed through the most adverse climates and has survived, but he has flourished and waxed strong only in certain zones."
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"When I was in the fourth grade, I became intensely interested in geography and I learned it well."
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"Spring has many American faces. There are cities where it will come and go in a day and counties where it hangs around and never quite gets there. Summer is drawn blinds in Louisiana, long winds in Wyoming, shade of elms and maples in New England."
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"I like geography. I like to know where places are."
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"There isn't a parallel of latitude but thinks it would have been the equator if it had had its rights."
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"A few hours' ride brought us to the banks of the river Kansas."
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"America forms the longest and straightest bone in the earth's skeleton."
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"Somebody said that I am the last American living the tragedy of Europe."
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"The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85."
Now
"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
"Chances are the movements of the euro as against the dollar will be relatively moderate."
Will
"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
"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 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
"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
"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 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
"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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