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.

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.

Yeah, that's what kind of, we get the idea a little bit yeah, because other people from different countries also try as hard as they can to get a medal or a gold medal in the Olympic Games. And you know, if they can work hard, we can work hard as well.

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.

These interests of the workers, as the exploited and oppressed, class of society, are the same in all countries.

Countries under foreign command quickly forget their history, their past, their tradition, their national symbols, their way of living, often their own literary language.

I have to say that it's very few countries that are willing to look back at its past and apologize for its act, or make amends for its act, as the United States had one.

Grossing Out dealt with the western nations selling arms to the Third World and exploiting these countries.

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 is normal for politicians in all countries to profess themselves the pupils of history, anxious to draw the right lessons from her teaching.

After the 1954 Geneva international conference, Vietnam was divided into two parts. On paper, North and South Vietnam were twin countries born at the same moment.

Most of the international community, most of the countries around the world, don't want any side, any party to take unilateral steps. They would like that all of us to stick to the road map.

We are at war to liberate Iraq, to protect the people of the United States and other countries from the devastating impact of Iraqi weapons of mass destruction being used by terrorists or the Iraqi government to kill thousands of innocent civilians.

Nor is the suffering limited to children in developing countries.

If some countries have too much history, we have too much geography.

The Baltic Sea is becoming more and more polluted. Not everybody living near the shore of the Baltic Sea is protecting it. It is the water of life for countries like Finland and Sweden.

The U.S. routinely ranks lower than other countries in health outcomes such as infant mortality.

The unthinkable occurred: two communist countries went to war with each other.

Unless we repeal the illegal Byrd amendment, American exports will be vulnerable to retaliation, and the U.S. will continue to face a difficult task convincing other countries to make their laws comply with international rules.

Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad.

For, behind the scenes, halfway around the world in Mexico, were two decades of aggressive research on wheat that not only enabled Mexico to become self-sufficient with respect to wheat production but also paved the way to rapid increase in its production in other countries.

Let us work toward greater cooperation with all Caribbean Countries, whether we speak English, Dutch, French or Spanish, whether we are independent or not, and whether we be island or continental territories.

For the first time in history all the major countries in the world are pushing together to reach this goal... building something in space that is really for all humankind.

It seems proper, at all events, that by an early enactment similar to that of other countries the application of public money by an officer of Government to private uses should be made a felony and visited with severe and ignominious punishment.

Nonetheless, the developing countries must be able to reap the benefits of international trade.