Greece's European neighbors were able step in and bolster the weak foundation on which Greece's free-spending budget was based. It would be difficult for any country, or intergovernmental organization, to rescue an economy the size of the U.S. if investors were ever to lose faith in our bonds because of our enormous debt.
Douglas WilderRelated topics
able based bolster budget country debt economy european faith foundation lose organization rescue size step bondsRelated quotes
Temptations come on some people for the cleansing of previous sins, on other for the beautification of their current perfection, and on yet others, as preparation for things to come, except temptations, which are for the increase of a man's faith and virtue, as it was with Job.
Maximus the Confessor
Everywhere Christians are tempted to take the easy path, to seek "peace" and "security" and flee from pain and affliction, to view life as an occasion for the enjoyment of earthly blessings, instead of a time of trial in which our eternal destiny is to be decided. But God expects more than this from those who glory in the name of Orthodox Christians.
Seraphim Rose
Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.
Matt Taibbi
The opponents of EEC membership inside the Labour Party know how much more difficult it would be to foist their brand of left-wing socialism on the British people if we remain part of a Community based on the principles of free enterprise and the mixed economy. We in the Conservative Party must vigorously oppose this ominous development.
Edward Heath
The Council of the Union of Democratic Control re-affirms its unshaken conviction that a lasting settlement cannot be secured by a peace based upon the right of conquest and followed by commercial war, but only by a peace which gives just consideration to the claims of nationality, and which lays the foundation of a real European partnership.
Norman Angell
