Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
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.
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.
conditions create economy emergence lax monetary policy
An inappropriately lax monetary policy would not create better conditions for the emergence of a new economy
area basis current ensure euro information maintain medium monetary policy price stability stance
On the basis of the information available, the current stance of monetary policy is appropriate to ensure that the euro area will be able to maintain price stability over the medium term,
ask cannot monetary perform policy tricks
Don't ask for monetary policy to perform tricks it cannot deliver,
policy
Our policy is to be as transparent and as predictable as possible,
I'm very confident. Everything has been so well prepared.
doubt exchange financial highly integrated rates serious target whether zones
In a world characterized by highly integrated and sophisticated international financial markets, there is serious doubt whether target zones for exchange rates are feasible.
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.
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.
answer questions recent relating
I'm not going to answer any questions relating to that recent interview,
close economic growth level potential reach
At the end of the year, economic growth should reach a level close to potential growth,
rates situation
We will set rates as the situation requires.
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,