Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
activity economic euro inside outside strength uncertain
Consequently, the strength in the upturn in economic activity has become more uncertain inside and outside the euro area.
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,
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.
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,
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.
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,
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.
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.
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.
days euro
In 100 days the euro will be in our pockets.
accelerate course expected generally global mild recovery start
A mild recovery (in the global economy) is generally expected to start in the course of 2002 and to accelerate in 2003,
policy
Our policy is to be as transparent and as predictable as possible,
direction growth loans point private sector seems trend
The trend in the growth of loans to the private sector also seems to point in this direction.
conditions create economy emergence lax monetary policy
An inappropriately lax monetary policy would not create better conditions for the emergence of a new economy