"So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments"

This quote by Robert C. Solomon suggests that for the euro to become a reserve currency, Euroland must have a deficit in its general balance of payments. This means that Euroland should spend more money than it makes, resulting in a negative balance of payments. This deficit would be essential for the euro to end up being a reserve currency, as it would suggest that Euroland has the ability to borrow cash from other countries and has the ability to repay its debts. This would make the euro more appealing to financiers, and would make it most likely to be utilized as a reserve currency. Eventually, this quote suggests that Euroland needs to have a deficit in its total balance of payments in order for the euro to end up being a reserve currency.