47 ordspråk av Wim Duisenberg
Wim Duisenberg
A mild recovery (in the global economy) is generally expected to start in the course of 2002 and to accelerate in 2003,
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A reassessment may be appropriate if money and credit growth increase further.
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All available evidence is that a period of robust economic growth -- albeit at a somewhat slower pace than we have seen in recent months -- still lies ahead of us as far as we can see for the foreseeable future,
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An inappropriately lax monetary policy would not create better conditions for the emergence of a new economy
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And the suggestion from a colleague was that we do not speak about intervention,
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assuming Japan manages to overcome - and I think it will - the difficulties it is currently facing.
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At the end of the year, economic growth should reach a level close to potential growth,
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At this juncture, there is less risk that excess liquidity will translate into inflationary pressure given the environment of subdued demand,
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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.
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Consequently, the strength in the upturn in economic activity has become more uncertain inside and outside the euro area.
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Don't ask for monetary policy to perform tricks it cannot deliver,
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Economic activity in the euro area is determined mainly by domestic factors, ... Growth is very likely to continue at a reasonably robust pace.
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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,
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far too early to judge what the events... will have for an impact on medium-term developments.
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Given that the expected pace of the recovery has been scaled down over recent months, sharp declines in stock prices are having a negative effect on consumer and investors confidence,
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