I used to say it was more an embarrassment than a problem, but now I would say it's a problem, |
If oil prices were to stay at $35 a barrel throughout 2001 or if they were to escalate to $40 a barrel or over, then the impact on inflation and world growth would be more significant, |
In a period when general economic slowdown is the main problem and when inflation is not likely to be a continuing threat, the euro area -- the second-largest economic area in the world -- needs to become part of the solution rather than part of the problem, |
In a period when general economic slowdown is the main problem and when inflation is not likely to be a continuing threat, the euro area -- the second-largest economic area in the world -- needs to become part of the solution rather than part of the problem. |
The markets have pushed the euro somewhat too low relative to fundamentals, |
The markets have pushed the euro somewhat too low relative to fundamentals. |
There has to be an understanding that further strengthening of the yen at this stage could be damaging to Japan's economy, |
They don't need to do it tomorrow, but they can't wait until the end of the year, |
This is more good than bad. The fact that these countries don't need IMF financing at this time should be looked at as a positive sign. |
We do not yet see clear evidence that we have got a turning point in Japan, ... We need a little bit more information that the bottom has occurred |
We have a policy that is adding to, adding to, the systemic risk by subsidizing investors to take greater risks. |
We need to get the U.S. economy to slow down and, in the meantime, we'll need someone to pick up the slack, ... That could be in the euro area. I think the (European Central Bank) needs to pay specific attention to what's happening both within and beyond their borders. |
When you have the global fire department and there are no fires, then you're not so busy. |