Unfinished Business Quotes

“More generally, while in any major policy decision there is inevitably some separation between the “visionaries” who initiate the project and the “planners” who implement it, the degree of separation between the two processes was exceptionally large for the Maastricht Treaty.”
― Tamim Bayoumi, Unfinished Business: The Unexplored Causes of the Financial Crisis and the Lessons Yet to be Learned

“The Versailles Treaty agreed in the aftermath of the war unsuccessfully tried to patch up the pre-war economic order while punishing the Germans with large reparation payments. It led to serial financial and economic instability—and also to World War II. By contrast, the more radical revamp of the global economic order after World War II at the Bretton Woods conference ushered in a long period of growth and prosperity. The crucial question is whether the response to this crisis is a new Versailles or a new Bretton Woods.”
― Tamim Bayoumi, Unfinished Business: The Unexplored Causes of the Financial Crisis and the Lessons Yet to be Learned