Robert C. Solomon Quotes

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.

- Robert C. Solomon

Tags

Stability | Growth | Pact | Agreed | Eleven |

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There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar. - Robert C. Solomon

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. - Robert C. Solomon

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. - Robert C. Solomon