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.
Sentiment: NEGATIVE
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 strength of the dollar has historically been tied to the strength of the U.S. economy and the faith that investors have in doing business in America.
A common currency imposes on us a duty to cooperate more on policy.
There are so many problems in the E.U. that several countries are warming up to the idea that after the single currency, a deeper integration could also be created.
It's in our interests that the euro is a successful, strong currency.
The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar.
A stronger dollar increases U.S. dollar purchasing power.
And I am convinced that a single focus on preserving the purchasing power of the dollar, in effect, guarding against inflation or deflation, actually creates a solid foundation for the greatest job growth and the strongest economy that America can have.
What goes on in Europe concerns us greatly because, if Europe comes apart, the E.U. comes apart, then you're going to have enormous impact on America, that's a very big trading partner of ours, and people own securities around the world in this day and age.
The U.S. - E.U. economic relationship dwarfs America's economic ties with China.
No opposing quotes found.