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.

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.

Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries.

In the United States, securities markets are much more developed than they are in Europe.

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.

The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85.

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.

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.

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.

The prices of all imports would rise if the dollar depreciates.

The dollar is currently the principal reserve currency in the world.

To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve.

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.

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.

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.

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.

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.

Chances are the movements of the euro as against the dollar will be relatively moderate.

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.

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.

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.

All trust involves vulnerability and risk and nothing would count as trust if there were no possibility of betrayal.

Trust is a skill, one that is an aspect of virtually all human practices, cultures, and relationships.

Trust is a skill learned over time so that, like a well-trained athlete, one makes the right moves, usually without much reflection.

Trust opens up new and unimagined possibilities.

Building trust means thinking about trust in a positive way.

But the age of chivalry is gone. That of sophisters, economists, and calculators has succeeded; and the glory of Europe is extinguished forever.

If we wait for the U.S. to do something, we will be waiting for a very long time. It's Europe, it's Australia, it's the other developed and middle developing countries that have got to do the job.

Since I'm allergic to various things, the army wouldn't accept me during the war, and I got into the Office of War Information, which sent music to Europe.

I had a bonding problem when I went off and boxed for five years. I was over in Europe and Asia fighting because I wanted to do something different; I was tired of acting. But the thing is, when I was done doing that, I couldn't get a job.

Actually I'd had a certain amount of experience in Europe in the inter-war period, as a banker, and I was also a member of the Board of Directors of the International Chamber of Commerce.

Long after this wonderful event in the Earth's history, when the human species was spread over a good deal of Asia, Europe, and Africa, migration to the American continents began in attempts to find new feeding grounds and unoccupied areas for hunting and fishing.

These old ballparks are like cathedrals in America. We don't have big old Gothic cathedrals like they do in Europe. But we got baseball parks.

Now, the entire world community recognizes Georgia. We are members of the United Nations and the Council of Europe. Everything is being prepared so that we will soon enter the European Union.

Our aristocracy, unlike that of Europe, is open to all comers.

It's true that the war in Iraq opened a distance in relations between part of Europe and the U.S. government, but our basic ties are stronger than that. We share democracy, free markets and a commitment to Western security. We differ on how to guarantee that security.

In the report made on behalf of the C.G.T. we affirmed that the Peace Treaty should, in accordance with the spirit of workers' organizations, lay the first foundations of the United States of Europe.

One of the biggest development issues in the world is the education of girls. In the United States and Europe, it has been accepted, but not in Africa and the developing countries.

It's been President Clinton's dream that we'll have finally a fully integrated Europe.

The time is coming when the pressure of population on the means of subsistence will be felt here as it is now felt in Europe and Asia. Then will the world enter upon a new stage of its history - the final competition of races, for which the Anglo-Saxon is being schooled.

Muslim organisations tend to have a low level of organisation. The communities in Europe are quite diverse.

I would like to give it a name: it is the great fortress of Europe.

If the British Fleet were lost or captured, the Atlantic might be dominated by Germany, a power hostile to our way of life, controlling in that event most of the ships and shipbuilding facilities of Europe.

Who says I'm gonna marry another guy? In Europe it's not like in America, where you set a date.

I sometimes read in a gossip column that I was at a party when I was in Europe at the time. It sometimes feels I've got a Doppelganger somewhere.

When we fled from the oppressions of kings and parliaments in Europe, to found this great Republic in America, we brought with us the laws and the liberties, which formed a part of our heritage as Britons.

Europe has a long and tragic history of mostly domestic terrorism.

We have given most of Europe to Hitler. Let us try to hold on to what we have got left.

I mean, Eighteen years old is the age of consent in Europe and you can go anywhere and do anything you like. In America, it is dumb. At eighteen you should be able to do anything that you like, except get married.