In the past 25 years the average growth rate of euro area gross domestic product has been between 2 and 2-12 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.
More Quotes from Wim Duisenberg:
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,Wim Duisenberg
An inappropriately lax monetary policy would not create better conditions for the emergence of a new economy
Wim Duisenberg
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,
Wim Duisenberg
Wages, import prices, bottlenecks in shortages in the employment market
Wim Duisenberg
At the end of the year, economic growth should reach a level close to potential growth,
Wim Duisenberg
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