Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
rates situation
We will set rates as the situation requires.
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,
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,
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.
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.
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,
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.
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.
colleague speak suggestion
And the suggestion from a colleague was that we do not speak about intervention,
assured based citizens european future price stability strength strong
European citizens can be assured that the future of the euro is that of a strong currency, based on price stability and the strength of the European economy,
early events far impact judge
far too early to judge what the events... will have for an impact on medium-term developments.