Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
assessment medium needed price simply stability threatened
We simply needed more indicators for our assessment that price stability is threatened in the medium term,
adjustment area contribute ensure euro interest level maintain price rates reduction seen stability
This reduction is to be seen as an adjustment of interest rates to an appropriate level to ensure that the euro area will be able to maintain price stability and to contribute to growth,
aware downside optimistic reasonably recovery remaining start
While I am reasonably optimistic about the sustainability of the recovery that, we expect, will start this year, I am also aware of the remaining downside risks.
although clear contrast difficult economy emergence euro evidence itself united
There is some evidence -- although not uncontroversial itself -- of the emergence of a new economy in the United States. By contrast it is difficult as yet to find clear evidence of a new economy in the euro area,
contribute lower outlook price stability
This weakened outlook should contribute to lower inflationary pressures. And, as you know, price stability is our aim,
euro exchange higher lead lower might prices rate since ultimately understand
To them, I would like to say the following: I understand their concerns, since a persistently lower euro exchange rate might ultimately lead to higher prices in the shops,
ask cannot monetary perform policy tricks
Don't ask for monetary policy to perform tricks it cannot deliver,
benign exchange mean policy rate time
Not having an exchange rate policy -- and we do not have one -- does not mean there is benign or malign neglect. For the time being there is neglect.
activity area continue determined domestic economic euro growth likely mainly reasonably robust
Economic activity in the euro area is determined mainly by domestic factors, ... Growth is very likely to continue at a reasonably robust pace.
confident
We are confident that we are weathering the storm,
immune states united united-states
We are not immune to developments in the United States and the world at large,
benefits chosen danish deprive economy euro form growth increase otherwise people rate taken taking themselves welfare within
The Danish people have chosen to deprive themselves of benefits in the form of an increase in the rate of growth and the welfare of the economy that would have otherwise taken place, and that is already taking place within the euro area.
ahead albeit available economic evidence far growth lies months pace period recent robust seen slower somewhat
All available evidence is that a period of robust economic growth -- albeit at a somewhat slower pace than we have seen in recent months -- still lies ahead of us as far as we can see for the foreseeable future,
maybe statement
There was no statement specifically about euro/dollar; that was maybe misunderstood,