Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
maybe statement
There was no statement specifically about euro/dollar; that was maybe misunderstood,
ask cannot monetary perform policy tricks
Don't ask for monetary policy to perform tricks it cannot deliver,
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.
days euro
In 100 days the euro will be in our pockets.
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.
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,
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.
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,
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,
policy
Our policy is to be as transparent and as predictable as possible,
consumer declines effect expected given investors negative pace prices recent recovery sharp stock
Given that the expected pace of the recovery has been scaled down over recent months, sharp declines in stock prices are having a negative effect on consumer and investors confidence,
answer asked wish
I wish you had not asked me that question, the answer is no.