The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spai…

- Barry Eichengreen

The 24% unemployment reached at the depths of the Great Depression was no picnic.

- Barry Eichengreen

More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export.

- Barry Eichengreen

As for the single market, the E.U.'s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in the …

- Barry Eichengreen

Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain cr…

- Barry Eichengreen

While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more di…

- Barry Eichengreen

Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.

- Barry Eichengreen

The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises.

- Barry Eichengreen

Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Eur…

- Barry Eichengreen