Alan Greenspan famous quote about account, behave, consumption, creation, current

Famous Quotes by american economist Alan Greenspan

Alan Greenspan famous quote

“At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in the north; the Italians would behave like Germans. They didn’t. Instead, northern Europe fell into subsidizing southern Europe’s excess consumption, that is, its current account deficits.”

Find the best famous citations, references and quotes from Alan Greenspan (march-6 – ), american economist writing about account, behave, consumption, creation, current, deficits, economies, euro, europe, excess, expected, fell, germans, instead, italians, like, north, northern, outset, southern, those, would.

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