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.

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.

Almost every wise saying has an opposite one, no less wise, to balance it.

I believe as human beings we are out of balance, out of synch with the earth.

But all the money in the world cannot make you happy either, so there has to be a balance.

In almost every country there are elements of opinion which would welcome such a conclusion because they wish to return to the politics of the balance of power, unrestricted and unregulated armaments, international anarchy, and preparation for war.

But if you can create an honorable livelihood, where you take your skills and use them and you earn a living from it, it gives you a sense of freedom and allows you to balance your life the way you want.

And Big Night, I think by the end the brothers find that balance, when they touch each other on the shoulder over breakfast and it's understood that what should never have driven them apart almost drove them apart. I think that's a true moment.

Remember Graham Green's dictum that childhood is the bank balance of the writer? I think that all writers feel alienated. Most of us go back to an alienated childhood in some way or another. I know that I do.

In 1844, there was a balance of perhaps of a couple of thousand dollars on the cr side.

You need a balance in life between dealing with what's going on inside and not being so absorbed in yourself that it takes over.

We believe, in fact, that the one act of respect has little force unless matched by the other - in balance with it... The acting out of that dual respect I would name as precisely the source of our power.

You can't have too much of everything, you must have a balance, that's very important.

I've watched those shows my whole life - being on one is like a dream. It's hard to balance that dream with the fact that this is the Edie I've known my whole life.

Action is at bottom a swinging and flailing of the arms to regain one's balance and keep afloat.

I think what I'm going to do is get more balance in my life to still be able to go out and play the hard rock 'n' roll and do what I like to do in music.

We have managed to acquire $13 trillion of debt on our balance sheet. In my view we have nothing to show for it. We haven't invested in our roads, our bridges, our waste-water systems, our sewer systems. We haven't even maintained the assets that our parents and grandparents built for us.

I balanced all, brought all to mind, the years to come seemed waste of breath, a waste of breath the years behind, in balance with this life, this death.

It sounds extraordinary but it's a fact that balance sheets can make fascinating reading.

We're on the verge of a financial collapse unless we balance the budget, and that means some really, really tough decisions.

Feeling is the consciousness of the resulting conditions - of success, failure, equilibrium, compromise or balance, in this continuous rivalry of ideas.

But I also like to be in control, like anyone else. I try to achieve a balance.

The minute I forget to balance reality with the fantasy, I'm going back to Virginia.

How seldom we weigh our neighbor in the same balance with ourselves.

Using lots of fresh foods, fruits and vegetables, helps to keep the menu buoyant - I don't know if that's the right word, but it keeps a balance of freshness and health.