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Letter "W" » Wim Duisenberg Quotes


«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.»
«This weakened outlook should contribute to lower inflationary pressures. And, as you know, price stability is our aim,»
«In a world characterized by highly integrated and sophisticated international financial markets, there is serious doubt whether target zones for exchange rates are feasible.»
«Don't ask for monetary policy to perform tricks it cannot deliver,»
«We are not immune to developments in the United States and the world at large,»
«There was no statement specifically about euro/dollar; that was maybe misunderstood,»
«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,»
«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.»
«Economic activity in the euro area is determined mainly by domestic factors, ... Growth is very likely to continue at a reasonably robust pace.»
«Wages, import prices, bottlenecks in shortages in the employment market»

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