Arjo Klamer, cited in: Hans von der Brelie, "The Dutch face austerity," at euronews.com, 2012/05/25
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The euro is bad for Europe. The euro is bad for the Netherlands, it’s especially bad because it is a stimulus for politicians to kill the Welfare State. I look forward to a European economy using multiple currencies. In the end that will be much better: it will make us more resistant to shocks and makes us less vulnerable to what is happening now.
— Arjo Klamer on Euro
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "The euro is bad for Europe. The euro is bad for the Netherlands, it’s especially bad because it is a stimulus for politicians to kill the Welfare State. I look forward to a European economy using multiple currencies. In the end that will be much better: it will make us more resistant to shocks and makes us less vulnerable to what is happening now." in the context of "Arjo Klamer, cited in: Hans von der Brelie, "The Dutch face austerity," at euronews.com, 2012/05/25" to mean that wisdom is timeless.
Source: Wikiquote: "Euro" (Quotes)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About Arjo Klamer
Arjo Klamer (born July 31, 1953) is a Dutch economist and professor in the economics of art and culture at the Faculty Erasmus School of History, Culture and Communication at the Erasmus University Rotterdam, especially known for his 1983 work Conversations with Economists.
About Arjo Klamer
Arjo Klamer (born July 31, 1953) is a Dutch economist and professor in the economics of art and culture at the Faculty Erasmus School of History, Culture and Communication at the Erasmus University Rotterdam, especially known for his 1983 work Conversations with Economists.
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