Alan Greenspan quoteAlan Greenspan [1926-0]
American Economist 
Quote rank: 203
| 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. |
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