Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
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.
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.
rates situation
We will set rates as the situation requires.
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,
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 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.
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,
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.
I'm very confident. Everything has been so well prepared.
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,