Wim Duisenberg
Wim Duisenberg
Willem Frederik "Wim" Duisenberg; 9 July 1935 – 31 July 2005) was a Dutch politician of the Labour Party...
early events far impact judge
far too early to judge what the events... will have for an impact on medium-term developments.
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
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.
answer questions recent relating
I'm not going to answer any questions relating to that recent interview,
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.
colleague speak suggestion
And the suggestion from a colleague was that we do not speak about intervention,
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.
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,
environment excess given less pressure risk subdued translate
At this juncture, there is less risk that excess liquidity will translate into inflationary pressure given the environment of subdued demand,
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.
exchange oil prices rates remain
Oil prices and exchange rates remain two important considerations,