Charles Dallara Quotes

Whoever pays should control; whoever pays should sanction. I agree. But budgetary union should be completed by a partial mutualisation of debts through eurobonds.

It is a responsibility we perceive from the entire international community to protect the stability of the single currency as well as the European frame work.

Eurobonds are absolutely wrong. In order to bring about common interest rates, you need similar competitiveness levels, similar budget situations. You don't get them by collectivizing debts.

In order to consolidate the euro we need to harmonise our economic, fiscal and social policies, hence we are going toward greater integration.

The euro is not a currency. It is a political weapon to force countries to implement the policies decided by the E.U. and keep them on a leash.

If people do not believe in Europe and in the euro area, it must be dismantled.

Germany has to put the broader European interest on the same level as its own national interest, or the euro is toast.

At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.

We have no intention of leaving the euro. In no way will we experiment with the future of our country.

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.

Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and monetary union.

This much is true: When we created the euro, it wasn't possible to create a political union along with it. People weren't ready for that. But since then, they've grown more willing to go in that direction. It's a process, one that is sometimes laborious and sometimes slow. But it's important to keep the populations involved.

Chancellor Angela Merkel and Wolfgang Schaeuble, her finance minister, are right to oppose fiscal and bank unions without political union.

Is Europe going to be breaking? I don't think so. I think the euro will stay. I think at the end of the day Europeans will find the solutions in order to hold Europe together.

I would like to see Greece as a case study, an opportunity for Europe to strengthen its coordination of fiscal policy.

It's political glue inside Europe to keep it together - the euro is the best thing going for it since the creation of the common market.

Markets themselves are looking for stability, and I think we have underestimated the capacity of Europe... to actually create a more stable framework for the whole issue of debt management, bonds, and so on.

I think that France has not made it clear enough recently to our German friends how important it is to introduce euro bonds as a tool against speculation. And how the necessary budget discipline needs to be accompanied by growth.

More cuts were needed to avoid exiting the eurozone.

There's no more place in the euro zone for well-meaning laxness when dealing with deficits and failings. If the demands on Greece aren't taken seriously, we'll get stuck in quicksand. In the worst case, this would make it acceptable for one tranche to not be paid out. It is in the Greeks own interest not to test that.

Europe must dissipate any doubts over the euro, affirm that the euro is an irreversible project and act in consequence.

Not all Greeks are ready to do whatever is necessary to stay in the euro.

The euro area must not be treated as an 'opt out' from the European Union.

Berlin has traditionally backed a rules-based eurozone in which every member state is responsible for its own finances, including bank bailouts, with political union limited to a fiscal overlord's possessing veto power over national budgets that violate the rules.

Unraveling the euro is a terrible thing. This is a 50-year endeavor to get this continent together and that's a wonderful endeavor.