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.
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.
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.
The prices of all imports would rise if the dollar depreciates.
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 dollar is currently the principal reserve currency in the world.
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.