Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
conditions create economy emergence lax monetary policy
An inappropriately lax monetary policy would not create better conditions for the emergence of a new economy
credit growth increase money
A reassessment may be appropriate if money and credit growth increase further.
area euro expect growth maintain next percent rate year
So we do expect to maintain a growth rate in the euro area of at least 3 percent per year for the next two years.
exchange oil prices rates remain
Oil prices and exchange rates remain two important considerations,
against arise chosen concern council distinct faces inevitably monetary move policy reflects result stage strategy
Of most concern are some of the uncertainties that will inevitably arise as the result of the move to stage three. Against this background, the council has chosen a distinct monetary policy strategy and one that reflects the circumstances it faces at present.
confident euro internal means pensions people savings stability value
This internal stability of the euro means that people can be confident that their savings and pensions will keep their value over time,
policy
Our policy is to be as transparent and as predictable as possible,
advised best continues euro movements perhaps whatever
Whatever I say, whatever I do, the euro continues its movements so perhaps I am best advised not to say anything,
close economic growth level potential reach
At the end of the year, economic growth should reach a level close to potential growth,
area autonomous economic euro impact large limited market million outside
But we are such a large autonomous economic area, comprising a market of some 300 million people, that the impact of developments outside the Euro area on the Euro area are not negligible, but very limited indeed.
answer questions recent relating
I'm not going to answer any questions relating to that recent interview,
area average domestic euro gross growth next past percent period product rate year
In the past 25 years the average growth rate of euro area gross domestic product has been between 2 and 2-1/2 percent, ... We are now in for a period this year and next year when growth will be in excess, I would even say considerably in excess, of 3 percent a year.
action deplorable exchange inclined industry protect rate rather steel united
I'm rather inclined to say this deplorable action by the United States' authorities to protect its steel industry may have something to do with the exchange rate of the dollar, as it is being experienced by the American steel industry.
current euro exchange increase light medium price rate risks seriously taken taking term
The depreciation of the exchange rate of the euro will increase the risks to price stability, ... In the medium term these risks have to be taken seriously, and we are taking them seriously in light of the current exchange rate.