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Letter "W" » Wim Duisenberg Quotes


«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.»
«The Danish people have chosen to deprive themselves of benefits in the form of an increase in the rate of growth and the welfare of the economy that would have otherwise taken place, and that is already taking place within the euro area.»
«To them, I would like to say the following: I understand their concerns, since a persistently lower euro exchange rate might ultimately lead to higher prices in the shops,»
«This internal stability of the euro means that people can be confident that their savings and pensions will keep their value over time,»
«Whatever I say, whatever I do, the euro continues its movements so perhaps I am best advised not to say anything,»
«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,»
«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.»
«There is some evidence -- although not uncontroversial itself -- of the emergence of a new economy in the United States. By contrast it is difficult as yet to find clear evidence of a new economy in the euro area,»
«An inappropriately lax monetary policy would not create better conditions for the emergence of a new economy»
«In 100 days the euro will be in our pockets.»

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