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Athanasios Orphanides Quotes
Athanasios Orphanides Quotes
Athanasios Orphanides
Economist
Born:
Mar 22
,
1962
Area
Consider
Country
Debt
Default
Inflation
Related authors:
Adam Smith
Alan Greenspan
E. F. Schumacher
John Kenneth Galbraith
John Maynard Keynes
Milton Friedman
Paul A. Volcker
Thomas Sowell
The degree of monetary policy ease should be associated with the level of real interest rates, not nominal interest rates.
Athanasios Orphanides
Degree
Ease
Rates
Nominal
Policy
Real
Interest
Interest Rates
Should
Monetary
Monetary Policy
Level
Associated
My mother is from Greece: she comes from Vrahos, a small village in Kastoria.
Athanasios Orphanides
Mother
Small
She
Greece
Village
In my min,d there is arguably a greater risk of a default on the debt of a U.S. state than there is on the debt of a euro-area member. I consider it unthinkable that a euro-area country would default.
Athanasios Orphanides
Country
State
Consider
Member
Would
Risk
Arguably
Unthinkable
Greater
Debt
Than
Default
In order for the E.U. area to stay together, they needed to form a banking union, which meant they needed to have a common credible deposit insurance guarantee for everybody in the E.U. area.
Athanasios Orphanides
Together
Everybody
Stay
Area
Insurance
Common
Banking
Order
Form
Which
Deposit
Meant
Union
Credible
Guarantee
Needed
Cyprus had developed its financial center over three decades ago by having double taxation treaties with a number of countries: the Soviet Union, for example. That means if profits are booked and earned and taxed in Cyprus, they are not taxed again in the other country.
Athanasios Orphanides
Financial
Three
Example
Country
Other
Earned
Booked
Having
Had
Developed
Countries
Over
For Example
Decades
Soviet
Soviet Union
Center
Again
Taxation
Taxed
Double
Means
Union
Cyprus
Profits
Treaties
Number
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